Hackers Steal €152,000 from Crete Regional Authority via Fake Banking Site

Hackers Steal €152,000 From Crete Regional Authority in Elaborate Bank Fraud Scheme

By Lia Kontopoulou Greek authorities have recovered more than half of €152,000 stolen from a Crete regional government agency, after fraudsters gained control of its bank accounts using a fake website that mimicked the agency's banking partner, an investigation by Greece's anti-money laundering authority found. The scammers exploited login credentials mistakenly entered by Crete Regional Authority employees on the fraudulent site, then drained the accounts through roughly 55 rapid transaction...

By ANTHEE CARASSAVA