Software Trojan Used to Steal $1 Million from Bank Accounts

[RamboLiberal]

Source: CBS News

Consumers and businesses in Great Britain lost more than $1 million dollars so far this summer from a Trojan that is infecting their computers, prompting them to log into their bank accounts and then surreptitiously transferring money to scammers in other countries, security researchers said on Tuesday.

About 3,000 bank accounts were found to be compromised at one financial institution, which was not identified, according to a white paper released by M86 Security.

The multi-level scheme uses a combination of a new version of the Zeus keylogger and password stealer Trojan, which targets Windows-based computers and runs on major browsers, and exploit toolkits to get around anti-fraud systems used at bank Web sites, the report found.

Bank sites that offer two-factor authentication, such as one-time pass codes and ID tokens, are ineffective because the malware has taken over the browser after the victim has logged into the banking site, Bradley Anstis, vice president of technology strategy at M86 Security, told CNET.


Read more: http://www.cbsnews.com/8301-501465_162-20013248-501465.html?tag=stack

[aquart]

1. Which is why my mum will never bank online.

However, I do and that just about describes the online security at my bank.

[golfguru]

3. I have been banking on-line for 15 years with zero problems

However I never open unrecognized emails or run any executable software
on my computer.

[grahamhgreen]

2. If the issue is with the banks security, then the bank should pay,

Just as if the deposits were stolen from the vault

[Kali]

4. people have money in their bank accounts?

I feel sorry for the scammer that accesses my accounts:rofl:

[primavera]

6. Yeah, that was kind of my thinking as well

Those guys are welcome to my Hoover flags, for all the good they will do them.

[defendandprotect]

5. Think computers are the end of the line for criminals -- if not hacked, then virused out --

Think everyone misunderstands the Luddites -- they're not really anti-machinery

they're PRO-PEOPLE and PRO-JOBS!!

They simply understand that eventually machinery replaces people -- !!

And, strange things begin to happen!

[No Elephants]

10. Jobs are the reason I refuse to use a computer for any customer service need.

Even when I shop online, I'll browse the website, create a shopping cart, then call customer service to place my order. Granted, that does not save/create anywhere near as many jobs as going to a physical store location, but I do a small bit anyway.

[bemildred]

7. Linux + Firefox. nt

[dixiegrrrrl]

8. Double plus good.

Linux and Firefox and no online banking.
I am singlehandly keeping the PO in business by mailing checks.

[bemildred]

9. Well, I do online banking and stuff.

And that's one of the principle reasons I like Ubuntu and Firefox, but I'm not out to put anybody down for avoiding on-line banking, security and privacy on the internet are iffy businesses in the best of circumstances. "Security software" is an oxymoron.

[No Elephants]

11. Not singlehandedly. I mail checks, too!

[apnu]

12. Linux + anything works

Chrome, Opera... whatever.