Security News > 2019 > October > Cachet Financial Reeling from MyPayrollHR Fraud
2019-10-25 00:50
When NY based cloud payroll provider MyPayrollHR unexpectedly shuttered its doors last month and disappeared with $26 million worth of customer payroll deposits, its payments processor Cachet Financial Services ended up funding the bank accounts of MyPayrollHR client company employees anyway, graciously eating a $26 million loss which it is now suing to recover.
News URL
https://krebsonsecurity.com/2019/10/cachet-financial-reeling-from-mypayrollhr-fraud/