Home | International News | Stolen funds from University of Virginia recovered

Stolen funds from University of Virginia recovered

Font size: Decrease font Enlarge font

Thieves hacked the computer of the university's comptroller and initiated a $996,000 wire transfer to the Agricultural Bank of China. UVA says the funds have been recovered and no personal data has been compromised.

WISE, Virginia (The New New Internet) September 7, 2010 -- The nearly $1 million that was stolen from a satellite campus of The University of Virginia in late August has been recovered, according to the school's student newspaper.

KrebsOnSecurity.com reported September 2 how thieves stole the funds after hacking the computer of the university's comptroller.

The attackers used a virus to steal the online-banking credentials for the university's accounts at BB&T Bank, and initiated a fraudulent wire transfer in the amount of $996,000 to the Agricultural Bank of China.

The student newspaper The Highland Cavalier reported September 3 that the vice chancellor for finance and administration had alerted faculty and staff in an e-mail on August 27 that a hacking incident had occurred on campus.

He said that no personal data had been compromised.

The college's director of news and media relations said the stolen funds have since been recovered. "No funds have been lost," she told The Highland Cavalier. "We caught it early on."

Link: http://www.thenewnewinternet.com/2010/09/07/stolen-funds-from-university-of-virginia-recovered/

Source: DHS Daily Open Source Infrastructure Report

  • email Email to a friend
  • print Print version
  • Plain text Plain text
No tags for this article
More from International News
Manitoba Public Insurance to fund school safety program
Enforcement campaign to be conducted by the Winnipeg Police Service, Brandon Police Service and RCMP is part of a long-standing partnership between Manitoba’s auto insurer and police agencies....
Ontario Teachers Union wants cell phones turned off in the classroom
The vote was part of a series of motions requesting that radiation from cell phones and WiFi be recognized as a potential workplace hazard for teachers....
Canadian Youth Participate in Historic UN Takeover
This lead-up to the International Day of the Girl will engage Canadians in a series of activities to support girls' right to an education, including a 'Raise Your Hand' for Girls' Education Facebook campaign....
Children Fight for School
Armed conflict continues to destroy not just school infrastructure, but also the hopes and ambitions of a whole generation of children....
2013 Global Citizen Festival Announced
Star-studded event in New York on September 28, 2013, is timed to put pressure on world leaders to accelerate progress on the issues of education, women's equality, global health, and global partnerships....
Schoolgirl Malala Addresses UN
“Let us pick up our books and our pens. They are our most powerful weapons. One teacher, one book, one pen, can change the world.”...
Plan International Campaign
Plan International aims to support millions of girls to get the education, skills and support they need to transform their lives and the world around them....
Survey Reveals Lack of Safety Communication with Parents
Adults in the U.S. (54%) are more likely than those in Canada (40%) to say that they are more concerned about children's safety at school than they were a year ago....
Chad Commits to End the Use of Child Soldiers
UN Special Representative Leila Zerrougui is encouraged by the commitment of the Chadian authorities to fully implement a plan to end the recruitment and use of children in the country’s national army....
Chinese Anti-School Rape Activist Harassed by Mob
Last month, at least six primary school teachers were detained for allegedly sexually assaulting girls, some as young as eight years old. Rape is punishable with sentences up to the death penalty in China....
Honeywell Selects Teachers from 10 Countries for Green Boot Camp
Honeywell Hometown Solutions corporate citizenship initiative focuses on Family Safety & Security, Housing & Shelter, Science & Math Education, Humanitarian Relief, and Habitat & Conservation....
Fostering Post-Earthquake Exchanges
Canon invites Chinese HOPE School students to communicate with other Asian youth by exchanging photos which tell stories of their lives and cultures....
Invisible Children - KONY 2012
KONY 2012 is a film and campaign to bring about the arrest of Ugandan warlord Joseph Kony for atrocities against children and their communities....
Paper Cranes for Japan
In response to the earthquake and tsunami in Japan the Paper Cranes for Japan campaign inspired young people worldwide to support their Japanese peers....
Pakistani School Fights Extremism
The educational approach taken is a mix of modern methods and Pashtun traditions that promote community and a commitment to pluralism....