Credit unions and community banks are being warned about a cyber scam that's sent $11 million so far to Chinese economic and trade companies from online business banking accounts in the United States.
Twenty incidents involving small to medium-sized businesses have been identified so far, the FBI said last week, and typically happened when someone at the company unknowingly visited an infected website or fell for a phish.
"Like most account takeover fraud, the victims tend to be small to medium-sized businesses and public institutions that have accounts at local community banks and credit unions, some of which use third-party service providers for online banking services," said the Internet Crime Complaint Center , a partner with the FBI in the case.
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