26 May 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

French banks lose EUR1 million to Trojan virus

08 February 2006  |  7047 views  |  0 online enter

UK broadsheet The Guardian reports that Russian thieves have stolen more than EUR1m (£680,000) from personal bank accounts in France by using rogue Trojan viruses to infect the computers of banking customers.

According to the report, one bank customer lost €40,000 in a single hit.

The Trojan is embedded in e-mails or Web sites and remains dormant until the user contacts their bank online. When that happens, the bug becomes active and records passwords and bank codes which are then forwarded to the thieves.

A dozen Russian criminals, described by police as being typically aged between 20 and 30, and several Ukrainian masterminds of the scam have been arrested in Moscow and St Petersburg.

The authorities were alerted in November 2004, when a bank customer noticed a large sum missing from his account. This was followed by other reports of theft all over France. In 11 months, the thieves had stolen €1m, says The Guardian.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

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

Related stories

RTS Stock Exchange disrupted by virus attack

RTS Stock Exchange disrupted by virus attack

03 February 2006  |  6246 views  |  0 comments
Barclays to offer discounted anti-virus and spyware technology

Barclays to offer discounted anti-virus and spyware technology

09 January 2006  |  8955 views  |  0 comments
Lloyds TSB to offer PC security scans, discounted anti-virus software

Lloyds TSB to offer PC security scans, discounted anti-virus software

26 September 2005  |  14237 views  |  0 comments
Lloyds TSB urges Web banking customers to tighten PC security

Lloyds TSB urges Web banking customers to tighten PC security

20 April 2005  |  8168 views  |  0 comments
HSBC bombarded by viruses

HSBC bombarded by viruses

06 April 2005  |  9977 views  |  0 comments
Banker-AJ Trojan targets UK Web banking customers

Banker-AJ Trojan targets UK Web banking customers

11 November 2004  |  7211 views  |  0 comments
Keylogging Internet worm on the loose

Keylogging Internet worm on the loose

03 June 2004  |  5798 views  |  0 comments
Financial sector is the top target for cyber attacks

Financial sector is the top target for cyber attacks

16 March 2004  |  7855 views  |  0 comments
Standard Bank updates Internet security following fraud scare

Standard Bank updates Internet security following fraud scare

28 July 2003  |  6296 views  |  0 comments
Banks on alert over Internet virus

Banks on alert over Internet virus

10 June 2003  |  6180 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit www.events.sap.comvisit www.ebaday.com

Top topics

Most viewed Most shared
BBVA launches Open API marketplaceBBVA launches Open API marketplace
10590 views comments | 47 tweets | 70 linkedin
Twins fool HSBC voice biometrics - BBCTwins fool HSBC voice biometrics - BBC
9276 views comments | 21 tweets | 24 linkedin
Bank/fintech collaboration can take transaction banking to new heightsBank/fintech collaboration can take transa...
6993 views comments | 12 tweets | 24 linkedin
Security experts struggle in search for WannaCry clues - ReutersSecurity experts struggle in search for Wa...
6302 views comments | 3 tweets | 3 linkedin
hands typing furiouslyPSD2 is fast approaching. Don’t bury your...
6152 views 1 | 5 tweets | 5 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job