Cyber crooks steal nearly $1 million from University of Virginia

A theft of nearly $1 million from bank accounts of the University of Virginia’s College at Wise is being investigated by the FBI.

While the agency – as per their official policy – does not confirm or deny that such an investigation is underway, the college’s media relations director refused to divulge any details but confirmed an internal investigation, while also mentioning that as far as they can tell, no student data has been compromised.

Unofficial sources say that the cyber thieves managed to compromise a computer belonging to the university’s comptroller by infecting it with a data-stealing “virus”, which then forwarded them the online banking credentials for the accounts in question, reports Brian Krebs.

Once they were able to access the account, they initiated a single wire transfer that transferred $996,000 to an account opened at the Agricultural Bank of China.