A Texas state court approved a request by Dallas-based Hi-Line Supply Inc., a business telephone company, to obtain the depositions of officials from its bank, Community Bank, Inc., located in Rockwall, Texas. In a recent Krebs on Security article, Hi-Line alleges that hackers accessed the company’s online bank records on or about August 20, 2009, and then transferred about $50,000 to four individuals across the country.
The president of Hi-Line states in the article that shortly after he processed a normal $25,000 payroll, the hackers made two more transfers of similar amounts on two separate days. Hi-Line’s president said he had trouble logging into his account on the day he processed the payroll and asked the bank to reset his password, but upon attempting access again a few days later, the bank’s website would not allow him to log in with the new password. When he contacted the bank again, he noticed the duplicate payroll batches and realized his company had been the victim of fraud.
Community Bank argues that Hi-Line’s computers must have had a virus that allowed the hackers to steal the Hi-Line president’s user name, password, PIN, and other online banking credentials. It was later discovered that various “money mules” had been enlisted by the hackers to unknowingly accept the fraudulent transfers and then wire the money to individuals in Eastern Europe.
For more information, please contact Mary A. Zambreno at 515-246-4512 or mzambreno@dickinsonlaw.com.
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