Microsoft and the banking industry Monday provided a detailed, behind-the-scenes account of an operation they said disrupted a major cybercrime operation that used malicious software to allegedly steal $100 million from consumers over the last five years.
A senior attorney from Microsoft’s digital crimes unit, Richard Boscovich, said the companies used a creative legal strategy as part of a civil lawsuit that targeted a network of computers suffering from an infection known as Zeus. Those computers were under the remote control of a criminal group that stole personal information, financial credentials and money. The Zeus network has not been eliminated, Boscovich said, but the action has made it much more difficult and expensive for the criminals to operate.
Dollar General to renovate theater
A Dollar General Corp. store will replace the Georgetown Theater in coming months.
NAI Harding Dahm Property Manager Steve Jehl said he is unsure how much the discounter will spend on renovation at the 9,200-square-foot location, 6414 E. State Blvd., but expects it to open in June or July.
Teicher Theaters closed the second-run movie theater in 2009 because of declining ticket sales.
Goodlettsville, Tenn.-based Dollar General has more than 9,800 stores in 38 states and reports having more than $13 billion in annual sales.
First Gear to boost investment, hiring
Over the next five years, First Gear Inc. will invest $1.5 million and add eight jobs at its 7606 Freedom Way location in Fort Wayne, paperwork filed with the city shows.
The machining business will seek a 10-year abatement on equipment that includes cutting gears for various customers. The tax break would save the company $98,155. First Gear is attempting to recover from the economic slowdown and the additional equipment would allow it to take on new customers, officials said.
The abatement request will be presented to the Fort Wayne City Council on May 8.
Earnings surge at Old National
Old National Bancorp on Monday reported first-quarter earnings of $21.7 million, or 23 cents per diluted common share, a 32 percent increase from the $16.4 million, or 17 cents a share, posted for the same three months of 2011.
The Evansville-based parent of Old National Bank reduced the amount of money it set aside for bad loans to $2.06 million, or $1.25 million less than last year’s first-quarter loan loss provision.
Costs for the quarter ended March 31 included $800,000 of acquisition- and integration-related expenses and $1.9 million of net Integra-related other real estate-owned expenses.
On July 29, Old National acquired certain assets of Integra Bank N.A. from the Federal Deposit Insurance Corp.