A Lakewood resident’s bank account was wiped out after a hacker gained access to his account, TLS has learned exclusively.
The resident says a hacker gained access to his Fulton Bank account, and the next thing he knew, his account at Fulton Bank with approximately $75,000 was wiped out.
When he noticed this approximately two weeks later, he immediately contacted authorities, including the FBI.
The FBI was reportedly able to track down the hacker and freeze the account. Though chances are slim, he’s hoping to be able to recover at least some of the loss.
Shouldn’t it be FDIC insured?
FDIC doesn’t cover theft. Your money is only insured in the event the bank fails/goes under
Two words: Unsecured network.
Should be FDIC insured up to 100,000?
FDIC covers your deposits when the bank goes “bankrupt”.
Can post details how the hacker got in to the bank account? So others can be aware.
@Shameful, give me your bank account number and your password, and I’ll show you how it’s done. That’s what one fellow told me before he instructed me how it’s done. It’s a pretty simple process once you’ve got the bank account number and the password.
Sadly, my bank account was wiped out shortly after the fellow – who goes by the nickname, “Slick Louie” – instructed me how it’s done. So I never got the chance to take the necessary preventive measures to protect my account.
But despite my account being wiped out, I offered “Slick Louie” a small renumeration for his help. If only he had instructed me earlier how it’s done, I could have saved my bank account from being wiped out. But you can’t cry over spilled milk.
All ridiculousness aside, I’m hoping the aforementioned Lakewood resident will get his money back via the FDIC. I can’t think of any reason he shouldn’t be able to get his money back, unless he has an investment account that’s not covered by the FDIC. I sincerely hope that’s not the case. May G-D help him retrieve his money speedily.
Fulton was compromised last year when a third-party customer was hacked. The breach took months to discover in August. Notices were sent to customers. There is currently a class action suit against the third-party responsible for the breach.
There is no current evidence that Fulton bank itself was hacked recently. The customer’s credentials were exposed, likely from clicking on an email, text or website link. That type of exposure would not be covered by the FDIC.
TLS has published articles, numerous times about how to prevent this from happening.
Ron, I didn’t realize that the FDIC did not cover these type of losses till now. However, I did read online that banks are “liable to refund money for fraudulent debit transactions”, and that banks “should refund any money stolen from you as a result of fraud and identity theft.” Ron, does any of this apply to the aforementioned Lakewood resident who was hacked?
Likely not. It’s probably their own fault, clicking on something I have warned about close to a hundred times here on TLS. BTW, I’m likely your biggest fan! Keep ’em coming!
Take your money and put it in investments.
Gold.
How did they get his info ? I get email mail scams every day…Free this and Free That don’t bite!
Bingo!
I am safe from having my money stolen, because unfortunately I don’t have money in my account:(
Smart person!!!!Well said!!never keep money in the bank , think smart , only put money when you are about to pay something!!!!
The biggest mistake here is that it took two weeks for the account holder to check his account.
Almost every single bank in this town is advising their customers (for a few years already) that you must go online every single day to check your balance and if you see that someone stole $,
CALL THE BANK ASAP
on the same day, the bank can stop those funds from leaving your account and those funds will be available for you either immediately or the next business day at 9 AM.
CHECK YOUR ACCOUNT EVERY SINGLE DAY
Also the stores are checking for shoplifters every single day.
It is what it is.
Banks should be required to have a notification feature that alerts their customers of irregular transactions or those above a certain amount. Perhaps even require that the transaction be confirmed.
Unless their account is used to transactions that size or bigger, the transaction should have been flagged.
I have that set up via text messages with Wells Fargo for every transaction. Check with your bank.
He’s lucky this happened at Fulton. Fulton is a community bank and they’ll probably do the right thing, unlike more corporate banks like Chase.
Fulton Bank should give back the money. There was fraud without negligence.
Fulton Bank should be ashamed of themselves. They should redeposit this clients money and go after the hackers. These withdrawals by the hacker should have set off some type of security alert. Fulton Bank has failed its customers. Its time to pull out all of our communities money and Bank with a Bank that has some integrity. I say lets make a run on the Bank
Fulton bank should definitely give the client the money back. Fulton should have security/fraud detections similar to banks like chase. I bank with Chase and and chase is great at stopping these issues before the become issues. If it were me and the bank did not make this right I would definitely switch over to another bank!
Screenshot of Linux “ls -la /” meant to express hacking ability… 🙄
Fulton bank is his first mistake. I personally had a check forged . proved it was forged but Fulton bank would not help. Since thief wired it out of country.
Every other bank I asked told me they would have reimbersed me .
I so since moved my accounts to another bank.
Anyone reading this should do the same.
You the customer mean ZERO to them.
Was it a wire or a check?
Check that was wired via check charging store
Fulton bank is not good
When you deposit in your own bank account
They hold the longest available by law but
Hackers every thing at their feet
Thats why i dont put anything like this on my phone