Banks, Wall St. Feel Pinch from Computer Intrusion

Slashdot posted a link to an article in the Washington Post's Security Fix blog that claims that finacial institutions and companies in the securities/futures business are reporting sizable increases in the amount of losses attributed to computer intrusions and identity theft.

A non-public report assembled by the FDIC that contains detailed information was provided by a trusted source who asked to remain anonymous.

Interestingly, the report indicates that in most cases, banks are a loss as to how exactly the cybercriminals are stealing the funds. Still, the FDIC indicates hat a large portion of the unknown losses most likely resulted from malicious data-stealing programs.

For further information see the article in washingtonpost.com .