Cyberthieves steal $400,000 from Bank of America

Bank of America
Bank of America
Bank of America

Residents and city workers in Burlington, Wash., have been told to check their accounts after $400,000 was stolen from a city bank account. City officials believe that the security breach resulted from the infiltration of a government account used to pay workers in the town, which is about 65 miles north of Seattle. Although the exact amount of money stolen is not fully tallied, more than $400,000 has been transferred over the past two days, according to Seattle-based KOMO News. The city first learned of the attack after an East Coast bank queried a number of account transfers that appeared “suspicious.” Read the full story at CNET.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit



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