Bank fraud with a Trojan horse

Hackers are becoming more clever all the time. In one recent case, a New Hampshire man installed malicious Trojan horse software on victims' computers to empty their brokerage accounts. It was a simple scheme initiated by Alexey Mineev who set up several "drop accounts" which received wired funds stolen from banking and brokerage accounts in the last half of 2007, according to prosecutors.

To get to the money, PCs were inflected with malicious Trojan software that would steal account numbers and passwords when victims logged into their accounts online. This is a technique that is becoming more and more prevalent as companies fail to have a solid firewall and security software to keep bad guys away.

To get their hands on the money, another conspirator, Alexander Bobnev, would email Mineev details of how much money was being transferred into Mineev's account. Then Mineev would move the cash, sometimes as much as $10,000, to Russia using services such as Western Union.

If you think your corporate account is always safe, think again, and make sure your funds are deposited in a rock solid account, which is protected from invasion.

For more on this story:
- check out this PCWorld.com article

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