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Hackers Hijack Banking Account of Motorcar Dealer in Kansas

Recently, hackers invaded the account of Green Ford Sales Inc., a motorcar dealer in Kansas thus highlighting one perilous security flaw companies occasionally confront while doing their book-keeping exercises over the Internet. Securitynewsdaily.com reported this on February 23, 2011.

Says Brian Krebs an independent security investigator, the said dealer's regulator, on November 1, 2010, deposited payroll checks worth $51,970 into First Bank Kansas, online. Securitynewsdaily.com reported this.

Apparently, following the deposit, the validation software running on the bank's Internet banking site dispatched an e-mail to Green Ford's regulator endorsing and validating the details of the transaction the dealer conducted. But, unknown to the regulator, online crooks contaminated his Windows computer with Trojan Zeus that's recognized for compromising banking details.

Thus, having gained full access to Green Ford's Internet finances, the hackers managed to draw off $63,000 as also view the e-mail the bank dispatched while the regulator knew nothing about the illegal withdrawal.

And though the dealer company recovered the stolen cash partially, Krebs warned that till the time computer viruses continued to prevail, cyber-criminals would keep finding Internet banking sessions as financially valuable targets.

He elaborates that in an instance where the validation system of an online banking transaction relies singly on a client's computer being clean of malware, then that computer will hardly be immune to hijack given that there are so many treacherous banker Trojans today. Infosecurity-magazine.com published this on February 23, 2011.

Additionally Krebs says that banks many a times moan that victims of financial account hijack could have detected illegal money withdrawals had the account owners only settled their accounts once daily. But, many fresh malware items let cyber-criminals to influence and modify the balances exhibited whilst victims access their accounts. Krebsonsecurity.com reported this on February 23, 2011.

Fortunately, the Bank managed to track as well as recover the entire stolen money short of $22,000 of the motorcar company.

Meanwhile, as part of its new safety measures, the Bank currently sends electronic mails to more than one account, and allows zero transfers into clients' accounts, with exception, when the regulator must approve the transaction via a household computer.

Related article: Hackers Redirect Windows Live Search to Malicious Sites

» SPAMfighter News - 03-03-2011

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