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Stolen funds from University of Virginia recovered

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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

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