Feeds

Half a meellion euros stolen in week-long bank smash 'n' grab

No need for subtlety as attackers hack and empty 190 accounts

Internet Security Threat Report 2014

Attackers have pulled off a lucrative lightning raid on a single beleaguered bank stealing half a million euros in a week, Kaspersky researchers say.

The crims stole between €17,000 and €39,000 from each of 190 Italian and Turkish bank accounts, with a single continuous attack.

Man-in-the-middle attackers used stolen bank login details to transfer money to mule accounts before cashing out at ATMs around 20 January this year.

Kaspersky researchers found evidence of the manic raid, dubbed "Luuuk" in a command and control server and suggested one of a series of established and sophisticated trojans such as Zeus, Citadel or SpyEye were used.

"We believe the malware used in this campaign could be a Zeus flavour using sophisticated web injects on the victims,” principal security bod Vicente Diaz said in a research note entitled The Luuuk banking fraud campaign: half a million euros stolen in a single week (PDF).

The attackers wiped the compromised command and control server as part of what Kaspersky suggested was careful track-covering. The researchers said the attackers were very active and would be unlikely to have terminated their profitable fraud scheme because of the Kaspersky discovery.

The mules who funnelled the stolen cash were entrusted with differing transfer limits from €1750 to €50,000 depending on the trust afforded to each by the fraud masterminds, researchers suggested.

"We know that members of these schemes often cheat their partners in crime and abscond with the money they were supposed to cash," Diaz said. "The Luuuk’s bosses may be trying to hedge against these losses by setting up different groups with different levels of trust: the more money a drop is asked to handle, the more he is trusted."

The raid was notable in the short time taken to steal account details and retrieve cash from ATMs. The infamous theft of 170 million credit cards from TJX between 2005 to 2007 remained the largest fraud in history. ®

Internet Security Threat Report 2014

More from The Register

next story
George Clooney, WikiLeaks' lawyer wife hand out burner phones to wedding guests
Day 4: 'News'-papers STILL rammed with Clooney nuptials
Shellshock: 'Larger scale attack' on its way, warn securo-bods
Not just web servers under threat - though TENS of THOUSANDS have been hit
Apple's new iPhone 6 vulnerable to last year's TouchID fingerprint hack
But unsophisticated thieves need not attempt this trick
PEAK IPV4? Global IPv6 traffic is growing, DDoS dying, says Akamai
First time the cache network has seen drop in use of 32-bit-wide IP addresses
Oracle SHELLSHOCKER - data titan lists unpatchables
Database kingpin lists 32 products that can't be patched (yet) as GNU fixes second vuln
Researchers tell black hats: 'YOU'RE SOOO PREDICTABLE'
Want to register that domain? We're way ahead of you.
Stunned by Shellshock Bash bug? Patch all you can – or be punished
UK data watchdog rolls up its sleeves, polishes truncheon
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.