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You are here: Home / Articles / FBI Issues Warning to Business in Light of Increase in Online Bank Theft

October 26, 2009 by Stan Stahl Ph.D.

FBI Issues Warning to Business in Light of Increase in Online Bank Theft

What’s happening: Online bank theft by cyber-criminals has risen to the point that the FBI has taken the unusual step of issueing a public warning. According to Steve Chabinsky, deputy assistant director of the FBI’s Cyber Division, “We don’t believe there’s cause for a crisis of confidence in online banking, but we want to make sure we message this early before this becomes a much larger problem. Our concern is that these numbers will grow if we don’t educate people now to take precautions.”

What it means: Lest there be any doubt, the risk of online bank theft is real. And it’s growing. And right-now, the cyber-criminals are winning.

What to do: Review your information systems security management program and improve as needed.

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From Brian Krebs; Washington Post: FBI: Cyber crooks stole $40M from U.S. small, mid-sized firms

Cyber criminals have stolen at least $40 million from small to mid-sized companies across America in a sophisticated but increasingly common form of online banking fraud, the FBI said this week.

http://voices.washingtonpost.com/securityfix/2009/10/fbi_cyber_gangs_stole_40mi.html

Filed Under: Articles

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Citadel Information Group is a full service integrated information security management / governance firm. We work either consultatively or as part of a client’s senior management team, assisting our clients cost-effectively manage the confidentiality, privacy, integrity and availability of their information. Learn more.

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