Hackers attempt to take $1.3 million from D.C. firm

Source: Security Fix

Brian Krebs reports on a new twist in cybercrime in the USA: attackers are using direct debit facilities to transfer money from third party accounts to compromised accounts, then forwarding it on to mules. It seems that the banking system places far too much trust in the participants, such that a security breach at any participant is potentially disastrous for everyone.