Survey Finds Banks Struggling As Fraud Grows

A survey conducted by Information Security Media found that new fraud methods, including phishing and Internet enabled account takeovers are an increasing problem for banks, but that many organizations are ill equipped to combat the new threats. Online bank fraud is a growing problem in the U.S...

ZeuS Botnet Module Gives Total PC Control

New capabilities are strengthening the ZeuS botnet, which criminals use to steal financial credentials and execute unauthorized transactions in online banking, automated clearing house ACH networks and payroll systems. The latest version of this cybercrime toolkit offers a $10,000 module that can...

Researchers Discover New ACH Banker Trojan

Malware hunters at SecureWorks have intercepted a new banker Trojan being used by cyber-criminals to steal financial credentials from banks in the U.S. The Trojan, dubbed “Bugat,” targets Automated Clearing House ACH and wire transfer transactions by small- and mid-sized business in the U.S., muc...

New Spam Targets Payment System

A new spam campaign is targeting a financial transfer system that handles trillions of dollars in transactions annually and has proved to be a fertile target of late for online fraudsters. The spam messages pretend to come from the National Automated Clearing House Association NACHA, a U.S...

FBI Reports Malware on Rise in Electronic Funds Fraud

The FBI reports it has seen a rise of malware over the past few months targeting small and medium businesses and municipal government entities and school districts. Once a malicious attachment or link is opened, keylogging tactics obtain bank account info where criminals then initiate wire...