Posts tagged IC3

Cyberthefts, IC3

2 Million Online Fraud Complaints - And Growing...

By InfoLawGroup LLP on November 18, 2010

A recently released IC3 fraud advisory for businesses, entitled "Corporate Account Take Overs," addresses the growing problem of criminals targeting small- to medium-sized businesses (SMB's), local municipalities and school districts for bank account takeovers. The take overs culminate in costly and potentially ruinous "cyberthefts" where accounts are subject to a series of wire transfers or ACH payments that empty part or all of the account's funds to overseas banks.