Blog | G5 Cyber Security

Victim of half-million-dollar cybercrime tells tale of fighting back

Michelle Marsico runs a real estate business handling escrow funds for clients in real estate. When she went online to check the funds-transfer activity in her commercial bank account, she found it had been cleaned out by cybercrooks. About $450,000 had been sent to 20 recipients whose names and addresses she didn’t recognize. Marsico sued Professional Business Bank, where she had the Village View escrow account, for $373,000. The lawsuit took two years to settle; Marsico had to get a loan to cover the stolen funds and put her license in jeopardy.”]

Source: https://www.csoonline.com/article/2131980/victim-of-half-million-dollar-cybercrime-tells-tale-of-fighting-back.html

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