sponsored by Kaspersky Lab
Posted:  08 Feb 2011
Published:  08 Feb 2011
Format:  PDF
Length:  11  Page(s)
Type:  White Paper
Language:  English
ABSTRACT:

During the course of three days in late 2009, cybercriminals acquired the banking credentials, username and password, for Hillary Machinery, Inc., located in Plano, Texas, and conducted more than 45 separate transactions to over 40 diff erent payees. The result was a loss of $801,495. While Hillary Machinery was able to recover some of their lost money, $250,000, plus attorney fees and court costs, was outstanding, along with an ongoing lawsuit between the company and its bank. According to Troy Owen, owner of the company, “While the loss didn’t cause us to go out of business, it certainly put off the business growth plans that we had.”






BROWSE RELATED RESOURCES
Crime | Cybersecurity | Endpoint Security | IT Departments | Malware | Security Threats

View All Resources sponsored by Kaspersky Lab

About TechTarget:

TechTarget provides enterprise IT professionals with the information they need to perform their jobs - from developing strategy, to making cost-effective IT purchase decisions and managing their organizations' IT projects - with its network of technology-specific Web sites, events and magazines

All Rights Reserved, Copyright 2000 - 2014, TechTarget | Read our Privacy Statement