A Trojan horse planted by criminals was used to steal more than $1 million from the accounts of British customers of the same online bank since last month, according to an international digital security company, and the cyber attack is still underway.Security firm M86 declined to name the bank, but said in a statement that about 3,000 customers of “one of the largest financial institutions have fallen victim to a sophisticated attack by cybercriminals using Web-based malware to rob money via the bank’s online banking system.”Since July 5, 675,000 pounds, or a small more than $1 million, has been taken by the criminals, whose “command and control center” is believed to be in Eastern Europe, M86 said.The Trojan horse, called Zeus v3, “steals the customer’s online banking ID and hijacks their online banking sessions,” the firm said.
Posts Tagged ‘Banking System’
Cyber thieves steal $1m from 3,000 bank customers – msnbc.msn.com – 8 Aug 2010
August 12th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Account Balance, Account Details, Anti Virus Software, Bank Customers, Banking System, British Customers, Cyber Attack, Cyber Thieves, Digital Security, Financial Institutions, Internet Explorer, M86, Malicious Software, Money Transfer, Msnbc, Security Company, Security Firm, Sophisticated Attack, Technical Sophistication, Trojan Horse 
Comments OffHenry Paulson heads back to Chicago
May 1st, 2010 Before You Invest (Crain’s) — Former Treasury Secretary Henry Paulson is returning to Chicago, according to reports.The former chairman and CEO of Goldman Sachs and his wife, Wendy, are putting their $4.6-million house in Washington, D.C., up for sale, according to the Washington Post, and returning to the Chicago area where he spent much of his career in the Midwest office of the investment bank.Mr.
Posted in Finance Fraud Tags: 6 Million, Aides, Bailout, Banking System, Barrington Hills, Bush Administration, Chicago Area, Crain, Economic Crisis, Goldman Sachs, Henry Paulson, Investment Bank, Johns Hopkins University, Midwest, Midwest Office, Nitze School, Treasury Secretary Henry Paulson, Washington D C, Washington Post, Wife Wendy Comments OffGreek banks seek government support as investors flee
April 8th, 2010 Before You Invest The four largest banks in Greece have questioned for government support as investors continue to go their funds out of the financially-troubled country.George Papaconstantinou, Greece’s finance minister, has announced that the banks “have questioned for access to the remaining funds of the support plot”, reports the Financial Times.The €28 billion ($37 billion) support plot was originally drawn up in 2008 at the height of the credit crunch.National Bank of Greece, EFG Eurobank, Piraeus Bank and Alpha Bank have now requested around €17 billion in loan guarantees and special bonds.
Posted in Finance Fraud Tags: Alpha Bank, Bank Of Greece, Banking System, Banks In Greece, Bonds, Citizens, Credit Crunch, Efg Eurobank, Finance Minister, Financial Times, Fitch Ratings, Government Support, Greek Banks, International Concern, Loan Guarantees, Months Of The Year, National Bank Of Greece, Piraeus Bank, S Central, Sum Of Money Comments OffThis Day in Wall Street History 1933: Roosevelt declares bank holiday
March 5th, 2010 Before You Invest When Franklin Roosevelt started his first term in the White House in 1933, he inherited a nation in the depths of the Depression. A record 13 million Americans were unemployed and businesses were drowning in red ink.Perhaps even more pressing was the head-spinning string of bank failures that had triggered a frantic run on the nation’s savings vaults.
Posted in Finance Fraud Tags: Bank Failures, Bank Holiday, Banking Act, Banking System, Banks, Breach, Brink Of Disaster, Closure, Depositors, Financial Transactions, Franklin Roosevelt, Liquid Assets, Red Ink, Roosevelt Bank, Roosevelt Franklin, Source History, Vaults, Wall Street, Wall Street History, Withdrawals Comments OffThis Day in Wall Street History 1913: ‘Federal Reserve Act’ is approved
December 24th, 2009 Before You Invest President Woodrow Wilson’s first few years in office were marked by the passage of an array of fiscal reforms and initiatives. Dec. 23, 1913, saw Congress give the nod to one of Wilson’s economic initiatives: the “Federal Reserve Act,” which promised to change the nation’s banking system.
Posted in Finance Fraud Tags: Array, Banking System, Economic Initiatives, Federal Reserve, Federal Reserve Act, Federal Reserve Banks, Federal Reserve Board, Federal Reserve Note, First Few Years, Fiscal Reforms, National Banks, Nod, One Time, President Woodrow Wilson, Regional Banks, Source History, Time Deposits, Wall Street, Wall Street History, Woodrow Wilson No Comments »Seven U.S. Banks Are Seized, Raising Year’s Failure Toll to 140
December 20th, 2009 Before You Invest Seven U.S. banks were seized by regulators, bringing this year’s total of failed lenders to 140 as financial companies are tested by the recession and the Federal Deposit Insurance Corp. anticipates more shutdowns.Banks with $14.4 billion in total assets were closed yesterday in six U.S.
Posted in Finance Fraud Tags: 1 Billion, 17 Years, Agency Staff, Bank Failures, Banking System, Beverly Hills, Chief Executive Officer, City National Bank, City National Corp, Dissolution, Fdic Board, Federal Deposit Insurance, Federal Deposit Insurance Corp, Imperial Capital Bank, La Jolla, Recession, Regulators, Russell Goldsmith, Santa Monica, Shutdowns No Comments »Geithner, Brown Split on Tobin Tax at G-20 Meeting
November 9th, 2009 Before You Invest (Bloomberg) — Group of 20 governments split on whether to tax financial trading as part of a broader strategy to ensure the global economy’s expansion is less crisis-prone.U.K. Prime Minister Gordon Brown told a meeting of finance chiefs in St. Andrews, Scotland yesterday that such a levy could prevent excessive risk taking and fund future bank rescues, adding momentum to a debate begun by France.
Posted in Finance Fraud Tags: Amp, Apps, Banking System, Excessive Risk, Finance Chiefs, Financial Crisis, Global Economy, Gordon Brown, Great Depression, Levy, Momentum, Pid, Prime Minister Gordon Brown, Risk Taking, Speculation, St Andrews Scotland, Timothy Geithner, Tobin Tax, Treasury Secretary, U S Treasury No Comments »BlackRock chief questions Obama’s housing programs
September 18th, 2009 Before You Invest Larry Fink, chairman and CEO of BlackRock, said he is concerned about programs from the Obama administration that might curb foreclosures but also hurt the mortgage-market recovery. “I am just very worried,” Fink said. “How do we get a vibrant securitization market back when we are doing these things in the small run that are excellent for the banking system and excellent for the homeowner but not as excellent as it should be?”more at http://www.bloomberg.com/apps/news?pid=20601087&sid=alAm1oFsgoGc
Posted in Finance Fraud Tags: Amp, Apps, Banking System, Ceo, Chief Questions, Foreclosures, Housing Programs, Larry Fink, Mortgage Market, Pid, Sid No Comments »U.S. spending against crisis almost as much as GDP
April 2nd, 2009 Before You Invest The government and the Federal Reserve have guaranteed, spent or lent $12.8 trillion to curb the economic downturn and stabilize the banking system. In comparison, the country’s GDP was $14.2 trillion last year. President Barack Obama and Treasury Secretary Timothy Geithner met Friday with leaders of the nation’s largest banks as well as industry representatives to garner their support.
This Day in Wall Street History 1933: Roosevelt declares bank holiday
March 6th, 2009 Before You Invest When Franklin Roosevelt started his first term in the White House in 1933, he inherited a nation in the depths of the Depression. A record 13 million Americans were unemployed and businesses were drowning in red ink. Perhaps even more pressing was the head-spinning string of bank failures which had triggered a frantic run on the nationÝs savings vaults.
Posted in Finance Fraud Tags: Bank Failures, Bank Holiday, Banking Act, Banking System, Banks, Breach, Brink Of Disaster, Closure, Depositors, Financial Transactions, Franklin Roosevelt, Liquid Assets, Red Ink, Roosevelt Bank, Roosevelt Franklin, Vaults, Wall Street, Wall Street History, White House, Withdrawals Comments Off
