Thieves Flood Victim’s Phone With Calls to Loot Bank Accounts
May 12th, 2010 admin
Bank thieves have rolled out a new weapon in their arsenal of tactics — telephony denial-of-service attacks that flood a victim’s phone with diversionary calls while the thieves drain the victim’s account of money. A Florida dentist lost $400,000 from his retirement account last year in this manner, and the FBI said the attacks are growing. A spokeswoman for the Communication Fraud Control Association — a telecom industry organization — told Threat Level that although fraudulent transfers have been halted in a number of cases, the losses are increasing. “I know it’s in the millions,” said Roberta Aranoff, executive director of the CFCA. “It has exceeded a million dollars easily.” Last November, Robert Thousand Jr., a semi-retired dentist in Florida, received a flood of calls to…
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