A Year in the Life of an International Direct Deposit Fraud Ring

In November 2014 Georgia Tech had multiple paychecks redirected through direct deposit fraud. In what began as an effort to prevent a repeat attack, we embarked on what became a yearlong sting operation investigating the behavior of an international fraud ring and eventually led to multiple arrests. This presentation will detail how we did it, the roadblocks we hit along the way, successful and unsuccessful responses to intrusion at other (unnamed) schools, how the crime ring operates, how to prevent direct deposit fraud, and how to prevent recompromise if you have already been hit.

OUTCOMES: Understand how to protect from and respond to direct deposit fraud * Learn how to foster productive relationships with law enforcement before you need them * Explore options for taking incident response to the next level