Thursday, June 10, 2010

NYC Department of Education Hacked for $644,000








Hacker siphons $644,000 from NYC education department bank account
(from Finextra at 6-10-2010)
The money was siphoned from a Small Item Payment Process (SIPP) account at JPMorgan Chase between October 2003 and February 2007 using electronic fund transfers (EFTs), the report by the Special Commissioner of Investigation for the New York city school district found. The man behind the theft, Albert Attoh, gave various participants the account and routing information so they could use it to pay their bills with DoE money. In return he took cash payments.... read more»





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