Cyber crooks steal nearly $1 million from University of Virginia
Posted on 02 September 2010.
A theft of nearly $1 million from bank accounts of the University of Virginia’s College at Wise is being investigated by the FBI.


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

Crowdsourcing your bug bounty program

David Levin, Director of Information Security at Western Union, talks about crowdsourcing their bug bounty program and the lessons learned along the way.


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

Mon, Mar 30th
    COPYRIGHT 1998-2015 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //