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