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While the agency - as per their official policy - does not confirm or deny that such an investigation is underway, the college's media relations director refused to divulge any details but confirmed an internal investigation, while also mentioning that as far as they can tell, no student data has been compromised.
Unofficial sources say that the cyber thieves managed to compromise a computer belonging to the university's comptroller by infecting it with a data-stealing "virus", which then forwarded them the online banking credentials for the accounts in question, reports Brian Krebs.
Once they were able to access the account, they initiated a single wire transfer that transferred $996,000 to an account opened at the Agricultural Bank of China.


Spotlight

IT security jobs: What's in demand and how to meet it
Posted on 15 May 2013. | Let's say you want a career in information security, where do you start? What credentials do you need? What are employers looking for? Read on to find some answers.

Is Microsoft is reading your Skype communications?
Posted on 15 May 2013. | The question of whether Skype allows U.S. intelligence and law enforcement agencies to access the communications exchanged by its users has still not been adequately answered by Microsoft.

Internet Explorer best at blocking malware
Posted on 14 May 2013. | While Chrome’s malware download protection improved significantly, Internet Explorer 10 continues to outperform the other browsers with a block rate of 99.96%.

Researcher refuses to help Saudi telco to spy on people
Posted on 14 May 2013. | You would think that a Saudi Arabian telecom firm interested in monitoring its users' mobile communications would not be asking a well-known pro-privacy researcher for help, but you would be wrong.

Malicious browser extensions are hijacking Facebook accounts
Posted on 13 May 2013. | Facebook users - especially those in Brazil - are being targeted with malicious browser extensions trying to hijack Facebook profiles, warns Microsoft.
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