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

Internet Explorer vulnerabilities increase 100%

Posted on 23 July 2014.  |  Bromium Labs research determined that Internet Explorer vulnerabilities have increased more than 100 percent since 2013, surpassing Java and Flash vulnerabilities.


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

Wed, Jul 23rd
    COPYRIGHT 1998-2014 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //