Jul 052012
A story in today’s WSJ tells the tale of one small business operator who was hit by electronic thugs who cleaned out bank accounts. He ultimately got much of the money back – except for funds transferred past the great wall of China – but it was far from automatic, and took much cajoling and advocating. Left unsaid in this article: just how the company was hit in the first place. Was it a bank breech? Failure of protections on the company machines? This is the classic problem in cyber crime. Even in cases where someone comes forth like in this story, one rarely learns the mechanisms which would help us protect more in the future.