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Windows 7: Massive crime ring automates bank fraud, steals tens of millions

30 Jun 2012   #1

Microsoft Community Contributor Award Recipient

Windows 7 Home Premium x64 SP1
 
 
Massive crime ring automates bank fraud, steals tens of millions

Quote:
Two-factor authentication schemes have definitely been proven to be ineffectual as news of a massive global financial services fraud campaign that targeted well-moneyed individual and organizations exploded on the Internet.

Insight into these attacks has been offered in a paper by McAfee and Guardian Analytics, who discovered that once the users' computers have been compromised with banking Trojans such as Zeus and SpyEye, at least a dozen groups proceeded using client- and server-side components and heavy automation in order to swiftly effect the fraudulent money transfers.
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 Massive crime ring automates bank fraud, steals tens of millions




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