Organized Crooks Hit NJ Town, Ark. Utility
Brian Krebs reports:
An Arkansas public water utility and a New Jersey town are the latest victims of an organized cyber crime gang that is stealing tens of millions of dollars from small to mid-sized organizations via online bank theft.
On Thursday, officials in Egg Harbor Township, N.J. acknowledged that a sizable amount of money was taken in an “outside intrusion into a municipal banking account,” suggesting in public statements that computer criminals were responsible.[…]
In a separate incident on March 4, organized crooks stole roughly $130,000 from North Garland County Regional Water District, a public, nonprofit utility in Hot Springs, Ark. Again, thieves somehow broke into the utility’s online bank account and set up unauthorized transfers to more than a dozen individuals around the country that were not affiliated with the district.
Read more on KrebsonSecurity.com
For those keeping track: I’m not sure how to categorize such breaches as it’s not clear whether someone on the victim entity’s side lost control of login info or was compromised or if the compromise was on the bank’s side.