Feeds

Malware gang steal over £700K from one British bank

Cybercrooks scoop cash from thousands of accounts

Using blade systems to cut costs and sharpen efficiencies

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. ®

The smart choice: opportunity from uncertainty

More from The Register

next story
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
HIDDEN packet sniffer spy tech in MILLIONS of iPhones, iPads – expert
Don't panic though – Apple's backdoor is not wide open to all, guru tells us
NEW, SINISTER web tracking tech fingerprints your computer by making it draw
Have you been on YouPorn lately, perhaps? White House website?
LibreSSL RNG bug fix: What's all the forking fuss about, ask devs
Blow to bit-spitter 'tis but a flesh wound, claim team
Black Hat anti-Tor talk smashed by lawyers' wrecking ball
Unmasking hidden users is too hot for Carnegie-Mellon
Manic malware Mayhem spreads through Linux, FreeBSD web servers
And how Google could cripple infection rate in a second
Don't look, Snowden: Security biz chases Tails with zero-day flaws alert
Exodus vows not to sell secrets of whistleblower's favorite OS
Own a Cisco modem or wireless gateway? It might be owned by someone else, too
Remote code exec in HTTP server hands kit to bad guys
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.