Monday, August 30, 2010

Cyberthieves Steal $600,000 From Catholic Diocese of Des Moines, Iowa

KrebsOnSecurity.com reports that "cyber thieves stole more than $600,000 from the Catholic Diocese of Des Moines, Iowa earlier this month. The funds were spirited away with the help of dozens of unwitting co-conspirators hired through work-at-home job scams, at least one of whom was told the money was being distributed to victims of the Catholic Church sex abuse scandals."

According to Krebs "In a statement released last week, the diocese said the fraud occurred between Aug. 13 and Aug. 16, apparently after criminals had stolen the diocese’s online banking credentials. The Diocese it was alerted to the fraud on Aug. 17 by its financial institution, Bankers Trust of Des Moines. ... The diocese also said the FBI and U.S. Treasury Department were notified, and that the FBI had taken possession of several diocesan computers. To date, roughly $180,000 has been recovered. ... The diocese added that law enforcement had advised them that the theft seems to have been the work of a highly sophisticated operation based overseas, which moved the stolen money out of the United States by recruiting people who unknowingly act as intermediaries."