« Toddler smokes two packs of cigarettes a day | Main | Graf writer promotes his art »

Horse and mule used in $100,000 e-bank robbery

The FBI is investigating how a team of organized cyber thieves stole more than $100,000 at the Treasury Credit Union, a financial institution that primarily serves employees of the U.S. Treasury Department in Utah, Krebs On Security is reporting.

Bank robbers today do not need guns and masks. All they need is a Trojan Horse and a Money Mule.

The Trojan program is used to get access to an employee's user name and password. This is then used to transfer funds through several fictitious withdrawals.

Funny-pictures-mule-trouble-0WS The withdrawals are arranged with the help of people who are unaware of the robbery, but are hired over the internet through work-at-home job schemes.  The Federal Deposit Insurance Corporation (FDIC) calls the paid co-conspirators of victims of this scheme “money mules.” 

Transfers can also be done via commercial bank accounts tied to shell companies. 

In the Treasury Credit Union case, there were at least 70 transfers and dozens of money mules,  Federal News Radio is reporting.


TrackBack URL for this entry:

Listed below are links to weblogs that reference Horse and mule used in $100,000 e-bank robbery:


Feed You can follow this conversation by subscribing to the comment feed for this post.

The comments to this entry are closed.

Terms of Service | Privacy Policy | Copyright | About The Miami Herald | Advertise