June 29, 2010, 11:57AM

A California escrow firm has been forced to take out a pricey loan to pay back $465,000 that was stolen when hackers hijacked the company’s online bank account earlier this year. Read the full article. [KrebsonSecurity]

Comments

Submitted by Todd Smeed (not verified) on Tue, 06/29/2010 - 11:28am.

This article should be a wakeup call to financial institutions everywhere, especially when their business is based on storing money which belongs to others. Few organizations can afford to take a financial hit such as this.