Title Insurance Company Sues Bank Over Security Breach
Global Title Services is suing its bank over more than $200,000 in losses.
A Virginia-based title insurance company is suing its bank over more than $200,000 in losses in the past year.
"Sometime before June 2010, crooks infected computers of Vienna, Va. based Global Title Services with the ZeuS Trojan, giving them direct access to the company’s network and online banking passwords at then-Chevy Chase Bank (now Capital One)," writes Krebs on Security's Brian Krebs.
"On June 1, 2010, the thieves made their move, and began sending a series of unauthorized wire transfers to money mules, individuals who were hired to help launder the funds and relay them to crooks overseas," Krebs writes. "The first three wires totaled more than $200,000."
Go to "Title Firm Sues Bank Over $207k Cyberheist" to read the details.
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