Tuesday, December 07, 2010

Cyber Theft of $200,000 from Gregg County Texas

Via 12NewsNow.com (AP).

An East Texas county has halted electronic fund transfers after cyber hackers believed to be in Russia allegedly stole $200,000 in tax-related funds.

The Longview News-Journal reported Tuesday that Gregg County, state and federal authorities are investigating.

Tax assessor/collector Kirk Shields said Monday that local tax payments destined for schools and cities were hijacked.

Shields says confirmation of Nov. 23 theft, discovered in progress and traced to a website in Moscow, has led to changes in the county's method for moving funds.

Thieves use malicious software, known as malware, to infect the computers of unsuspecting users by e-mail. Shields says a county employee who mistakenly unleashed the virus has been suspended for violating cyber-security policy.

Efforts continue to retrieve the funds and identify the hackers.



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