Photographer: Ross D. Franklin/AP Photo

How Hackers Can Cash In on Your Online Payday Loans

Cybersecurity company calls it a 'new wave of fraud'

Several years ago, Joe Lagennusa was having a tough time making ends meet, so the sales manager in Florida turned to online payday lenders. Then last November, two accounts he had with a bank were hacked—multiple times—and the thieves made off with $1,100.

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