Hackers steal $680,000 from church fund for homeless

[Jeffrey Walton <noloader () gmail com>]

http://news.yahoo.com/blogs/lookout/hackers-steal-680-000-church-fund-homeless-152033871.html

Stealing money raised by a church to help homeless and abused women is
pretty low. But that's just what a group of hackers did, according to
CBS News.

"You kind of have to take a deep breath and you have to trust in the
Lord," Richard Pates, the bishop of St. Ambrose Cathedral in Des
Moines, Iowa told CBS News, after losing $680,000 in the heist.

The swindle was one example of a increasingly popular cyber-crime
technique, known as account takeover fraud. Hackers, often located in
eastern Europe, target small town institutions or civic groups that
may lack sophisticated defenses. They send the target groups an email
that looks to be from a friend or the IRS, which prompts the
recipients to click on a link. That click then allows a malicious
software bug to infect their computer, and steal sensitive data such
as bank passwords. Money can then be simply be transferred to the
criminal's own account.

...
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