FDIC Says Hackers Have Netted Over $120 Million

The Federal Deposit Insurance Corporation (FDIC) announced that a cyber scams targeting U.S. small business have netted over $120 million and has cost U.S. companies approximately $25 million in the third quarter alone. The data, announced by David Nelson, a FDIC examination specialist, at the RSA Conference last week, highlights the ongoing problem of cyber crime.

The majority of the incidents reported to the FDIC were “related to malware on…