Feeds

Malware gang steal over £700K from one British bank

Cybercrooks scoop cash from thousands of accounts

Protecting against web application threats using SSL

A banking Trojan attack has led to the fraudulent withdrawal of more than $1m from online banking accounts maintained with a UK bank since the start of July, according to security researchers.

Web-based malware based on the infamous Zeus cybercrime toolkit is being used to steal money via the unnamed bank's online banking system. Researchers at the M86's Security Labs came across the attack after discovering the botnet's command & control centre, which is hosted in Moldova.

Victims were infected by a Zeus banking Trojan variant while browsing the net. The Trojan swiped the customer's online banking ID and hijacked their online banking sessions, reportedly only targeting victims who had substantial balances.

"It [the malware] checks the account balance and, if the account balance is bigger than £800 value, it issues a money transfer transaction," M86 reports.

Most such attacks include the use of phishing middlemen to obtain funds from compromised accounts and transfer them by untraceable wire transfer to the Eastern European masterminds behind the scam.

From 5 July, the cyber criminals have successfully stolen £675,000 ($1,077,000) and the attack is "still progressing", according to M86.

Early explanations of the attack leave a number of questions unanswered, such as the name of the bank targeted, the apparent use of a technique that dispenses with the use of phishing middlemen, and what steps have been taken to shut down the attack.

We've scheduled an interview with the US-based M86 researchers who discovered the attack for later on Tuesday, and will update this story when we hear more. ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Early result from Scots indyref vote? NAW, Jimmy - it's a SCAM
Anyone claiming to know before tomorrow is telling porkies
TOR users become FBI's No.1 hacking target after legal power grab
Be afeared, me hearties, these scoundrels be spying our signals
Jihadi terrorists DIDN'T encrypt their comms 'cos of Snowden leaks
Intel bods' analysis concludes 'no significant change' after whistle was blown
Home Depot: 56 million bank cards pwned by malware in our tills
That's about 50 per cent bigger than the Target tills mega-hack
Hackers pop Brazil newspaper to root home routers
Step One: try default passwords. Step Two: Repeat Step One until success
NORKS ban Wi-Fi and satellite internet at embassies
Crackdown on tardy diplomatic sysadmins providing accidental unfiltered internet access
UK.gov lobs another fistful of change at SME infosec nightmares
Senior Lib Dem in 'trying to be relevant' shocker. It's only taxpayers' money, after all
Critical Adobe Reader and Acrobat patches FINALLY make it out
Eight vulns healed, including XSS and DoS paths
Spies would need SUPER POWERS to tap undersea cables
Why mess with armoured 10kV cables when land-based, and legal, snoop tools are easier?
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.