C&E rider

July 24, 2018

Hackers Breached Virginia Bank Twice in Eight Months, Stole $2.4M

This post was originally published on this siteHackers used phishing emails to break into a Virginia bank in two separate cyber intrusions over an eight-month period, making off with more than $2.4 million total. Now the financial institution is suing its insurance provider for refusing to fully cover the losses. According to a lawsuit filed last month in the Western District of Virginia, the first heist took place in late May 2016, after an employee at The National Bank of Blacksburg fell victim to a targeted phishing email. The email allowed the intruders to install malware on the victim’s PC […]