Sitting at a computer somewhere overseas in January 2009, computer hackers went phishing. Within minutes of casting their electronic bait they caught what they were looking for: A small Michigan company where an employee unwittingly clicked on an official-looking eMail that secretly gave cyberthieves the keys to the firm's bank account, reports the Associated Press. Before company executives knew what was happening, Experi-Metal Inc., a suburban Detroit manufacturing company, was broke. Its $560,000 bank balance had been electronically scattered into bank accounts in Russia, Estonia, Scotland, Finland and around the U.S. In August, the Catholic Diocese in Des Moines, Iowa,...

Subscribe to Read More

Are You an Educator?

Get Free online access to all our news and resources


  • About the Author:

    staff and wire services reports