FBI investigating online New York school district theft: Via Computerworld Cybercrime/Hacking News.

A New York school district has reverted to using paper checks after cybercriminals tried to steal about $3.8 million from its online accounts just before Christmas, prompting an FBI investigation.

For three days starting Dec. 18, cybercriminals started transferring money overseas from the accounts of the Duanesburg Central School District, which has two schools with about 950 students about 20 miles west of Albany, New York.

Hackers sent $1.8 million to an overseas bank on Dec. 18, then sent several transfers totalling around $1.2 million on Dec. 21, according to the district, which provided information on the theft on its Web site.

The next day, hackers tried to send around $759,000 to multiple overseas accounts, but the school's bank, NBT Bank, blocked the transaction and notified district officials.

"At this time, the two previous transactions were also discovered," the district wrote. "The FBI was contacted and launched a criminal investigation."

Read Original Article:(Via Computerworld Cybercrime/Hacking News.)