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 ‘British Customers’
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 OffUK regulators will be able to rip up bankers’ contracts
November 17th, 2009 Before You Invest The UK government is set to bring in legislation that will allow the Financial Services Authority to rip up the contracts of bankers deemed to be enjoying excessive pay packets as a reward for risk-taking.Although the new Financial Services Bill will not apply to current banking contracts and therefore will not affect 2009 bonuses, it is set to come into place from January next year.The measures are to be outlined on Wednesday in the Queen’s Speech.In comments reported by the Guardian, City spokesman Lord Myners told Sky News: “What we are saying to the shareholders and boards of directors is: get real, recognize that the previous levels of bonuses are socially unacceptable.” Other proposals that will be place forward by Gordon Brown’s government include one that will allow British customers to take part in US-style class action suits against financial institutions they feel have treated them terribly.Last week, Mr Brown sent officials to meet with the IMF to lobby for the implementation of a Tobin tax – a levy on transactions carried out between financial institutions.
Posted in Finance Fraud Tags: Boards Of Directors, British Customers, City Spokesman, Class Action Suits, Contracts, Financial Institutions, Financial Services Authority, Financial Services Bill, Gordon Brown, Imf, Levy, Mr Brown, Myners, Proposals, Shareholders, Sky News, Style Class, Tobin Tax, Uk Government, Uk Regulators No Comments »
