Multiple Community Banks Being Hit with Simple, but Effective Scams to Drain Accounts

In February, Daily Safety Check's Security Operation Center's Phishing and Botnet Threat Assessment revealed that a number of Midwest-based Financial Institutions were the target of a sudden rash of fake Wire Transfer requests. According to the data, Bank of the West, Commerce Bank, Huntington, Bank Midwest as well as the Online Banking Platforms Net Teller and FundsXpress were all specifically targeted.

The tactic is to take over a customer's email account and then send a legitimate email to the target's bank, using the targets previous email or contact list. Since the criminal replies to emails in previous customer-bank correspondence, the email looks and feels genuine to the bank employee......... 

Click here to read more .... 

Solutions : www.xcyss.in