Brian Krebs of the Washington Post reports: "A task force representing the financial industry sent out an alert Friday outlining the problem and urging its members to put in place many of the precautions now used to detect consumer bank and credit card fraud. 'In the past six months, financial institutions, security companies, the media and law enforcement agencies are all reporting a significant increase in funds transfer fraud involving the exploitation of valid banking credentials belonging to small and medium sized businesses...'"

Read full story: Washington Post

Related topics: Cybercrime, Security