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Hackers Have Stolen $54,000 YMCA Checking Account

Posted by Unknown at 05:17

The Nishna Valley Family YMCA executive director Dan Hayes said hackers stole $54,000 from the organization's checking account through an undetected virus. FBI said it is investigating a cyber attack that targeted an Iowa YMCA. 
Haynes said the hackers used the virus to read their banking information. Information technology experts said it's not a new type of attack, but it's definitely destructive. Experts said the virus most likely spread through an email disguised as business-related.
Information technology specialist Jim Burnette said he's seen it before. "They go through all of their logs that they get back and pick out the username and password URL of the bank. They go in and set up fund transfers to various banks across the country," Burnette said.
Burnette said the virus isn't new but is defying authorities and protection software. The organization said the loss is taking a huge toll and that its group is already dipping into its savings in order to stay alive."This summer, we were going to buy 10 treadmills. Well, that's treadmills we can't buy because the money isn't here," Hayes said.
YMCA members said they are worried that their personal information was accessed through the hacking."I was very shocked and worried," said a YMCA member. The YMCA sent out letters to members informing them of the breach. It said there is still no evidence personal accounts were accessed. 
"We have a lot of volunteers that come out help us every year to raise money for scholarships and things like that. It's kind of disheartening when people take that kind of money," Haynes said. Experts advised that to avoid such incidents, people must get good virus protection software and update it daily. They said people should not also open emails from people or businesses they don't know or messages they aren't expecting.