Hackers Breached Virginia Bank Twice in Eight Months, Stole $2.4M

Credit to Author: BrianKrebs| Date: Tue, 24 Jul 2018 13:38:12 +0000

Hackers used phishing emails to break into a Virginia bank in two separate cyber intrusions over an eight-month period, making off with more than $2.4 million total. Now the financial institution is suing its cybersecurity insurance provider for refusing to fully cover the losses.

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Blind Trust in Email Could Cost You Your Home

Credit to Author: BrianKrebs| Date: Thu, 27 Apr 2017 20:36:44 +0000

The process of buying or selling a home can be extremely stressful and complex, but imagine the stress that would boil up if — at settlement — your money was wired to scammers in another country instead of to the settlement firm or escrow company. Here’s the story about a phishing email that cost a couple their home and left them scrambling for months to recover hundreds of thousands in cash that went missing. It was late November 2016, and Jon and Dorthy Little were all set to close on a $200,000 home in Hendersonville, North Carolina. Just prior to the closing date on Dec. 2 their realtor sent an email to the Little’s and to the law firm handling the closing, asking the settlement firm for instructions on wiring the money to an escrow account.

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