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RawAlex · 02-22-2009

I guess the Mormons need to read up on "419 scams", perhaps they can appoint a 419 czar:

States have been slashing funding allocations and contemplating tax increases as a means of balancing their budgets, which makes a recent revelation concerning the state of Utah's treasury all the more embarassing. According to investigators, state officials recently uncovered evidence that some $2.5 million had been transferred from the state's coffers into various holding accounts. The scheme is thought to have originated in Africa, possibly in Nigeria, but is not the same sort of attack that's typically referenced when a person or article refers to a "Nigerian scam."

According to the Salt Lake Tribune, the chain of events leading to the theft were set in motion when one of the would-be thieves (or an associate) acquired a vendor number for the University of Utah's design and construction department. That information allowed the miscreants to forge documents, changing the bank account information for the account in question. Once the account was under new management, the criminals invoiced the state of Utah for various imaginary repairs and/or expenses with instructions to deposit the cash into the hacked account (a Bank of America account in Texas).

The state paid out $2.5 million before the bank finally started making inquiries as to why the account was seeing such a large amount of traffic. Of the $2.5 million transferred, the receiving bank was able to freeze about $1.8 million; the net loss at this point is around $700K.

http://arstechnica.com/security/news...25-million.ars

02-22-2009	#1
RawAlex Members $100 for every ImLive sign-up Join Date: Oct 2002 Posts: 4,036	Perhaps Utah has bigger problems than porn I guess the Mormons need to read up on "419 scams", perhaps they can appoint a 419 czar: States have been slashing funding allocations and contemplating tax increases as a means of balancing their budgets, which makes a recent revelation concerning the state of Utah's treasury all the more embarassing. According to investigators, state officials recently uncovered evidence that some $2.5 million had been transferred from the state's coffers into various holding accounts. The scheme is thought to have originated in Africa, possibly in Nigeria, but is not the same sort of attack that's typically referenced when a person or article refers to a "Nigerian scam." According to the Salt Lake Tribune, the chain of events leading to the theft were set in motion when one of the would-be thieves (or an associate) acquired a vendor number for the University of Utah's design and construction department. That information allowed the miscreants to forge documents, changing the bank account information for the account in question. Once the account was under new management, the criminals invoiced the state of Utah for various imaginary repairs and/or expenses with instructions to deposit the cash into the hacked account (a Bank of America account in Texas). The state paid out $2.5 million before the bank finally started making inquiries as to why the account was seeing such a large amount of traffic. Of the $2.5 million transferred, the receiving bank was able to freeze about $1.8 million; the net loss at this point is around $700K. http://arstechnica.com/security/news...25-million.ars __________________ Let's go to the edge of disaster Push the pedal and go a little faster Let's slam into a wall at ramming speed Let's go to the edge of a mountain Jump off and lets start countin' Hit the ground and tell me if it bleeds