A fraud alert issued by the FBI implicates China in a cybercrime operation that bilked U.S.-based small to midsize businesses of $11 million. The FBI has identified 20 incidents in which SMBs’ online banking credentials were stolen and their bank accounts siphoned. The transactions ranged from $50,000 to $985,000, with most above $900,000. The money was wired to China-based economic and trade companies near the Russia border. Experts say the crimes appear to be the work of a single criminal group.”]
Source: https://www.darkreading.com/attacks-breaches/china-implicated-in-hacking-of-smb-online-bank-accounts