Bank Robbers Go OnlineAdded: Friday, June 29th, 2012
Category: Recent Headlines Involving File Sharing > Current Events
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, 2010, www.extrattorrent.com
Now you don’t need a mask or a shooter to rob the bank – praying to Zeus is enough. Indeed, the days of robbers in masks walking into a bank with a sawn off shotgun have passed, and the press says today that a new wave of automated hacking of Internet bank accounts has stolen $78,000,000 in 2011 from people in Europe, Latin America and the US.
Security experts from Guardian Analytics and McAfee claim that modern robbers don’t choose a shooter these days, but rather one of two families of modern malicious software – Zeus and SpyEye. Earlier editions of the software automate the transfer of cash to money mule accounts which are controlled by mates.
Guardian Analytics’ vice-president, whose company specializes in protecting banks, claimed that it looks like the beginning of a new robbery method. It seems that the software in question is sophisticated enough to defeat “chip and PIN” and other two-factor authentication, while not transferring the entire contents of an account at once, because it can trigger an alarm. Automated versions have been detected in European countries, including the United Kingdom, Germany and Italy.
In the meantime, McAfee explains that this method was used by a dozen gangs against numerous consumers and business clients of various financial institutions in Europe, as well as in Colombia, the United States and the Netherlands. Research director at McAfee Labs confirmed that people adapting the malware had insider knowledge as to what the banks were looking for.
Both SpyEye and Zeus viruses are installed on the PCs which visit malicious portals or legitimate pages compromised by hackers. They can also be installed via tainted links in emails.
The editions of the software even manage to capture one-time passwords, like those that you receive from the banks in the form of text message. The bank robbers could use it every time, but they have to be online at the time. One more factor preventing the bank robbers from cleaning up completely is that the robbers still need legitimate accounts to funnel the money as well. The matter is that money mules are very hard to come by especially as they are more likely to be caught.
June 29th,2012Posted by:
Friday, June 29th, 2012
|posted by (2012-06-29 21:18:00)|
|lol saves carrying a shotgun|
|lol don's already googled how to rob banks online about 100 times|
|posted by (2012-06-30 00:40:48)|
|these Banks are trusting in McAfee? LoL that's the biggest joke of a security inc. besides Symantec. no wander these banks are getting hacked in to there software is shit.|
|I installed a Business management system into a leading bank sometime ago and it only had a 4 digit pin for access with 2 digits being the same so since head office only uses a 4 digit pin to control everything in the bank it leads one to wonder how secure they really are in the first place.|
After the installation the system was commissioned by a separate company and I was called back to site as the temperature behind the glass had been over 100 degrees for over 6 weeks and no-one from head office could work out why,after checking out the plant for cooling and floor cooling units etc I found that when commissioned the Engineer had turned off all isolator switches as part of his testing and none of the clever computer experts within the Bank had thought to turn them on again,10 mins after my visit the temperature in the bank had dropped 40 degrees and all those suited and booted employees and experts could stop sweating themselves to death,People wonder why I have no confidence in banks when the combined intellect of head office boffins cannot turn on an on switch.
|posted by (2012-06-30 16:41:29)|
|that has happen since the year 2000|
|I'm so much in debt that anyone who hacks my acc will have to put money in...|
|Ahgahah Wingit I know how you feel (although it not funny, just reality is funny and cruel) been there many a time in past, tbh money comes in one hand is gone out the other in days.|
As for the banks being hacked, mules will not slow this down one bit, any decent scammer would know how to setup a few bank account offshore using fake identification papers etc, all you have to do is set them up in nations with strict banking laws, so even if linked to massive fraud, the bank will not disclose who you done business with, just your details (the fake ones lol) so you can transfere the funds accross like 3-4 accounts before depositing in a account to use with your chip and pin card or withdraw at the bank, since all the accounts will be in countries with strict laws there will be no disclosure as to which accounts you sent funds to, the trail grows cold and your money will be spent or withdrawn by time anyone even figures out where it is. So yeah there are no need for mules who get caught lol.
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