September 2, 2014
HUNTINGTON BEACH, Calif. (AP) - Authorities say cyber thieves hacked into an Orange County escrow firm's bank account and wired more than a million dollars to China and Russia.
The Orange County Register reports (http://bit.ly/14IobDM) state officials shut down Huntington Beach-based Efficient Services Escrow Group following three separate thefts in December and January.
The bank managed to recover $432,215 sent to Moscow but at least $1.1 million remains missing.
Peter A. Davidson, the state-appointed conservator in the case, tells the newspaper 41 ongoing real estate transactions were hindered by the thefts.
Officials say the case is one of several nationwide in which cyber thieves used malware and other computer viruses to gain passwords, empty a business' bank account and wire the cash to overseas accounts.