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Online thieves nab $450,000 from town coffers
Published: 2007-06-01

A keylogger on the computer of the Carson, Calif., treasurer enabled online thieves to transfer nearly half a million dollars to other bank accounts, according to news reports.

The thieves made two transfers: The first on May 23 for $90,000 and the next for $358,000 on the following day, according to a report in the Los Angeles Times. Carson Treasurer Karen Avilla noticed the transfers on May 24 and, with the help of the town's bank, froze all but $45,000 of the money. A computer forensics team from the bank found a Trojan horse on her city-issued laptop, according to a report in ComputerWorld.

"We're vigilant in checking our (bank) balances daily," she told ComputerWorld. "I think the only thing you can do (to keep your money safe) is look at it with your own two eyes."

Following legislation that requires companies and organizations to disclose data breaches, news of online thieves making off with people's data have become commonplace. The theft of funds from companies is far less likely to be reported. A massive breach of retail giant TJX Companies' processing systems led to the loss of information on at least 45.6 million credit and debit cards.

The U.S. Secret Service is currently tracking the path of the $45,000 missing from the accounts, media reports stated.



Posted by: Robert Lemos
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