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The Case for Cybersecurity Insurance, Part I Krebs on Security

Thieves used an extremely stealthy but as-yet-unclassified strain of malicious software to steal the companys online banking credentials. The thieves used that access to set up a series of fraudulent payroll payments totaling more than $125,000. The most recent incident involved Golden State Bridge Inc., a Martinez, Calif. engineering and construction company that builds bridges. The thieves set up two batches of automated clearing house (ACH) payments one for $50,000 and another for $75,000 effectively sending a series transfers to a dozen different money mules.”]

Source: https://krebsonsecurity.com/2010/06/the-case-for-cybersecurity-insurance-part-i/

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