FDIC: Hackers took more than $120M in three months

Ongoing computer scams targeting small businesses cost U.S. companies US$25 million in the third quarter of 2009, according to the U.S. Federal Deposit Insurance Corporation.

Online banking fraud involving the electronic transfer of funds has been on the rise since 2007 and rose to over US$120 million in the third quarter of 2009, according to estimates presented Friday at the RSA Conference in San Francisco, by David Nelson, an examination specialist with the FDIC.

via FDIC: Hackers took more than $120M in three months.