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

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.”

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