God will get them for this!...

Last week, the Catholic Diocese of Des Moines, Iowa lost more than $600,000 to the usual type of electronic fund transfer theft. When one of the U.S. money-mules involved in the scheme questioned the transfer, he was told the funds were being transferred to compensate sex abuse victims. See: http://krebsonsecurity.com/2010/08/crooks-who-stole-600000-from-catholic-diocese-said-money-was-for-clergy-sex-abuse-victims/

KrebsonSecurity reports on Sept. 1st that criminals used a computer virus to steal the Univ. of Virginia at Wise comptroller's credentials and then electronically transferred $996,000 from BB&T to the Agricultural Bank of China. Nothing in BB&T's EFT software triggered an alarm and nobody at the bank bothered to check on the legitimacy of the transfer? How many million dollar transfers does UVA-Wise make to Agricultural Bank of China? See: http://krebsonsecurity.com/2010/09/cyber-thieves-steal-nearly-1000000-from-university-of-virginia-college/

Now look. I'm tired of writing about this, but I'm also absolutely convinced businesses and government agencies - whose commercial accounts lack the protections afforded to individual consumers - need to take simple, inexpensive precautions to prevent similar thefts. Brian Krebs spells out ways for businesses to protect themselves in the links attached to the bottom of the UVA-Wise article above.

From the lack of information in newspapers and national news networks, I guess the only people who think this type of crime is a big deal are the victims who have actually lost money. These are preventable crimes that need to be exposed and not hidden from the public.