Hospital Sues Bank of America Over Million-Dollar Cyberheist



cascade-285x110

A public hospital in Washington state is suing Bank of America to recoup some of the losses from a $1.03 million cyberheist that the healthcare organization suffered in 2013.

In April 2013, organized cyber thieves broke into the payroll accounts of Chelan County Hospital No. 1 , one of several hospitals managed by the Cascade Medical Center in Leavenworth, Wash. The crooks added to the hospital's payroll account almost 100 "money mules," unwitting accomplices who'd been hired to receive and forward money to the perpetrators. 

Krebs said: "So, if you run a business and you’re expecting your bank to protect your assets should you or one of your employees fall victim to a malware phishing scheme, you could be in for a rude awakening. Keep a close eye on your books, require that more than one employee sign off on all large transfers, and consider adopting some of these: Online Banking Best Practices for BusinessesThe full story is at Brian Krebs' excellent site !

http://krebsonsecurity.com/2015/03/hospital-sues-bank-of-america-over-million-dollar-cyberheist/

Also, step all employees and especially everyone in accounting through Kevin Mitnick Security Awareness Training so that they will not fall for social engineering attacks like this.  Find out how affordable this is for your organization today.

Get A Quote Now

 


Topics: Phishing, Cybercrime



Subscribe To Our Blog


Comprehensive Anti-Phishing Guide




Get the latest about social engineering

Subscribe to CyberheistNews