Blog | G5 Cyber Security

Cybercrooks preying on small businesses

Thieves used online transactions to fraudulently transfer the money from the bank account of Lifestyle Forms & Displays Inc., a 100-employee company in Brooklyn, NY. The mannequin makers problems started when the head of finance couldnt get a routine online payment to a foreign vendor to go through. The thieves had wired the $1.2 million through nine transactions of about $150,000 each to three major U.S. banks and one Chinese bank. The theft is indicative of a growing trend wherein criminals are increasingly targeting small businesses.”]

Source: https://nakedsecurity.sophos.com/2012/07/06/cybercrooks-preying-on-small-businesses/

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