Bank of America Hacker Heist
The Bank of America has recently gotten $400,000 stolen from the reserves of an account that's used to pay Burlington government workers through direct deposit. Who are the perpetrators behind this heist? Cyber thieves, no less. The resident city workers of Burlington, Washington (a town that's located about 65 miles north of Seattle) have been warned to check their accounts after almost half a million dollars was been spirited away by some rather devious bank hackers.
Local officials of the city speculate that the security breach
Big-time money heist was a result of the infiltration of a government-backed bank account used to pay the wages of the town's hardworking government employees. In short, the workers have been cheated and the city has been bamboozled by these nefarious cyber criminals.
The Seattle-based KOMO News reports that more than $400,000 has been transferred over to multiple bank accounts from the Bank of America government account over a two-day period. In fact, the exact amount of the money stolen hasn't even been tallied yet, such that $400,000 is just a rough estimate of the actual figures.
Burlington was only able to realize that a cyber attack has happened after the East Coast Bank investigated several account transfers that have been deemed suspicious in nature. The hackers were able to get through the account because it is part of a direct electronic-payroll deposit system instituted in order to pay city worker wages from that one account.
Each worker has been told about the attack
Such that they were instructed to contact their respective banks or close their personal accounts for the sake of their own monetary security. The thing that the officials feared the most is that these workers' identities could've been stolen by the hackers in order to facilitate the whole money heist.
It could've been the work of identity thieves who've gained access to one or multiple accounts to use their right of entry to breach through the electronic payment system and transfer large amounts of cash from that account to theirs in a circuitous manner that's hard to trace. Apparently, the bank robberies of the future will not involve tellers and patrons being held at gunpoint; they'll instead be done via the computer or through the Worldwide Web.
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