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What is ACH Fraud and How to Combat It

MineralTree

was exposed in 2011, other versions of this virus began to spread. By taking advantage of this delay, cybercriminals can write a check on one account and deposit it into another in order to illegally inflate their account balances. In 2010 cyber thieves acquired $70 Million using Zeus by attaching the malware into emails.

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Tax Fraud Blotter: No solution

Accounting Today

She deposited the refund check into a trust bank account and immediately transferred most of the balance to a separate bank account, both of which she controlled. She and her co-conspirator deposited a second fraudulently obtained $1 million refund check from the IRS, payable to the co-conspirator.

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