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Underground developers for the two major banking Trojans, Zeus and SpyEye, have honed their techniques for automated theft to the point that even two-factor authentication can be bypassed easily and automatically, according to a report released by Trend Micro this week. The evolution of the banking Trojans heralds tough times ahead for financial institutions, the [...] Microsoft Corp claimed a victory in efforts to combat online banking fraud, saying it had confiscated several servers used to steal login names and passwords, disrupting some of the world’s most sophisticated cybercrime rings. The software maker said on Monday that its cybercrime investigation group also took legal and technical actions to fight notorious criminals [...] Image via Wikipedia Cyber-crime is a lucrative business which offers criminals very high returns in exchange for very low risk. Trend Micro researchers showed just how profitable in their analysis of a recently uncovered Russian cyber-crime operation. The researchers found this operation amassed $3.2 million in just over a six month period, Loucif [...] Image via Wikipedia
Microsoft is claiming major success at cleaning the notorious Zeus crimeware trojan from infected Windows machines. One week after adding detections into its malicious software removal tool, Microsoft said it nuked Zeus (also called Zbot) 281,491 times from 274,873 computers. According to Redmond’s Jeff Williams: Of the 1,344,669 computers cleaned, this [...] Alleged cyber-criminals around the world the week of Sept. 27 were scooped up by police after a 16-month investigation that stretched from the United States all the way to the Ukraine. The cyber-crime ring is accused of stealing $70 million from bank accounts, with targets ranging from individuals to small and midsize businesses to municipalities. The weapon of [...] |
 
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