Computer Crimes

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Written by:

Christopher H


Date added:

October 31, 2013








No of pages / words:

3 / 776


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4889 times


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Six people were arrested in the scheme, in which $10 million was allegedly shifted from Citibank to accounts in Finland, Russia, Germany, the Netherlands, the United States, Israel, and Switzerland. Of the $10 million stolen, $400,000 has not been recovered. The clients who lost money have been reimbursed...
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The clients who lost money have been reimbursed. The Citibank system allows customers to transfer their money to accounts at other banks. The hackers found a way to crack the system and made about 40 transfers of money totaling more than $10 million. The bank?s control system provided the tip to the fraudulent transactions...
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