Ongoing computer scams targeting small businesses cost U.S. companies US$25
million in the third quarter of 2009, according to the U.S. Federal Deposit
Insurance Corporation.
Online banking fraud involving the electronic transfer of funds has been on
the rise since 2007 and rose to over US$120 million in the third quarter of
2009, according to estimates presented Friday at the RSA Conference in San
Francisco, by David Nelson, an examination specialist with the FDIC.
