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Online banking fraud hovered $120 million by third quarter of 2009, FDIC reports

March 9, 2010 - 4:06am | Fraud | News
Online banking fraud hovered $120 million by third quarter of 2009, FDIC reports

According to US Federal Deposit Insurance Corporation data, small businesses computer scam made up $25 million in the third quarter of 2009.

Online banking fraud involving the electronic transfer of funds has been increasing since 2007 and reached the volume of over $120 million in the third quarter of 2009, according to estimates presented Friday at the RSA Conference in San Francisco, by David Nelson, an examination specialist with the FDIC.
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ACH system | botnet | computer scam | FDIC | Gartner | online banking fraud | small business | Trojan | US | Zeus
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