Financial Industry Warns of Eastern European Cyber-Gangs

Organized cyber-gangs in Eastern Europe are increasingly preying on small and mid-size companies in the United States, setting off a multimillion-dollar online crime wave that has begun to worry the nation's largest financial institutions. A task force representing the financial industry sent out an alert outlining the problem and urging its members to implement many of the precautions now used to detect consumer bank and credit card fraud.