SurfWax News Index  |  Track News  |  Save/Exchange Information |  About Us News and Articles on Automated Clearinghouse FBI Warns of $100M Cyber-threat to Small Business  Nov 5, 2009 There has been a "significant increase" in what's known as ACH (automated clearinghouse) fraud over the past few months, much of it targeting small businesses, municipal governments and schools, the FBI said in an posted to its Web site. The criminals can move thousands or even millions of dollars out of their victims' accounts very quickly, using online banking to add new payees to the organization's bank account and then moving the money overnight. (Yahoo News -- Technology) Survey: Most customers like their bank  Oct 7, 2009 The top five tasks small business owners would like to manage online are: processing credit card and automated clearinghouse payments; invoicing; making remote deposits; planning and filing taxes; and learning about new products and services. Most Read Stories. (Denver Business Journal, CO) Clampi virus targets companies' financial accounts  Aug 1, 2009 Attackers are then able to wire cash transfers to "mule" accounts they control using banks' automated clearinghouse (ACH) systems. Because Clampi and other banking Trojans are so ubiquitous, businesses should make online financial transactions only on PCs dedicated to those tasks and that aren't used for e-mail, accessing social networks or browsing the Internet Stewart says. (USA Today -- Tech) Back to Economics News [ Terms Of Use | Privacy | About ] ©1998-2009 SurfWax, Inc. All rights reserved. Patents pending. Copyright SurfWax, Inc. 2009