Online thieves empty bank accounts

Thursday, 17 June 2004, 12:17 AM EST

Gaining illegal access to checking accounts is increasingly the goal of tech-savvy thieves. In fact, it is the fastest-growing type of financial consumer fraud in the U.S., according to a recent survey by Gartner.

Based on a poll of 5,000 online U.S. adults, the study shows that some 1.98 million consumers have been victimized by checking-account fraud, resulting in US$2.4 billion in losses.

In most cases that are not inside jobs, thieves likely stole account numbers and passwords to access checking accounts online or through telephone-banking services, report author Avivah Litan told NewsFactor.

By Jay Wrolstad at NewsFactor.

[ Read more ]

Related items




Spotlight

How to get better at web application security

Robert Hansen, Vice President of WhiteHat Security Labs, discusses the evolution of web application security, offers advice on how to improve web application security practices, recommends tools, and more.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  
DON'T
MISS

Thu, Aug 27th
    COPYRIGHT 1998-2015 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //