03 September 2015

UK cyber cops take on Shylock malware

11 July 2014  |  4678 views  |  1 Team meeting with laptop

Authorities around the world, led by the UK's National Crime Agency (NCA), have banded together to tackle the Shylock banking malware.

Shylock - so called because its code contains excerpts from Shakespeare's Merchant of Venice - has infected at least 30,000 computers running Microsoft Windows worldwide.

The malware - which steals bank login details and transfers money out - has primarily targeted UK-based business and personal accounts, although it is thought that its developers are based elsewhere.

In a UK first, the NCA has been leading an international operation, working with GCHQ, the FBI, Europol and the German Federal Police, as well as security firms BAE Systems Dell SecureWorks and Kaspersky Lab, to disrupt the infrastructure that Shylock relies on.

Authorities have managed to seize servers which form the command and control system for the trojan, as well as take control of the domains it uses for communication between infected computers.

Andy Archibald, deputy director, national cyber crime unit, NCA, says: "This phase of activity is intended to have a significant effect on the Shylock infrastructure, and demonstrates how we are using partnerships across sectors and across national boundaries to cut cyber crime impacting the UK."

The NCA says that people who have their computers set up for automated operating system updates do not need to take any action as the malware will be removed the next time their machines are restarted.

Comments: (1)

A Finextra member | 11 July, 2014, 15:50 Exactly WHO removes the malware from a personal computer?
Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

03 July, 2014
27 June, 2014
17 June, 2014
02 June, 2014
04 March, 2014
27 February, 2014
11 December, 2013
24 January, 2013

Top topics

Most viewed Most shared
Third of Brits expect day-to-day mobile pa...
8146 views comments | 38 tweets | 15 linkedin
Payments UK sets out vision for 'world cla...
6705 views comments | 17 tweets | 10 linkedin
Swedish mPOS firm iZettle raises EUR60m fo...
6090 views comments | 13 tweets | 8 linkedin
HSBC glitch leaves thousands of customers...
6027 views comments | 13 tweets | 7 linkedin
UK boosts contactless limit to £30
5460 views comments | 31 tweets | 20 linkedin

Featured job

up to £95K base, £190K OTE, benefits
London, UK

Find your next job