New York Firm Faces Bankruptcy Following Cyber Attack
Instances of criminals using cyberspace to carry out monetary theft has been steadily increasing in recent years, with dire consequences for victims. Little & King LLC, a New York based marketing firm, faces bankruptcy after a computer virus infection allowed cyber criminals to drain the organizations bank account to the tune of $164,000.
The firm’s account was drained over a weekend. When the fraud was noticed by the firm, it was determined by the bank that the thieves had made five wire transfers to individuals and companies that Little & King had no prior business with.
The victim, Karen McCarthy, owner of Little & King, noticed directly before the fraud incident that her computer was infected with a computer virus, later confirmed to be a Zeus Trojan. The bank says that Mrs. McCarthy is responsible because the computer virus infected her machine, enabling the fraud to occur.
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