Direct deposit becoming a victim of cybercrime

Modesto BeeOctober 7, 2009 

Until recently, David Johnston's 30 or so employees received their paychecks via direct deposit, saving them a trip to the bank.

Now, they're handed an old-fashioned printed check and must deposit it themselves.

Isn't that sort of a backward step in this high-tech age?

Certainly, said Johnston, owner of Sign Designs in Modesto. But after cybercrooks in Ukraine pilfered $99,953 from his company's bank account, he said it's the safest way to protect his employees' and his business's interests.

"It's bank robbery, 2009," Johnston said.

The big question is, who's responsible for the security breach that allowed the money to flow from the company's accounts? Read the complete story at modbee.com

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