17 October 2017
Register now

Cyber crooks targeting bank employees - FBI

19 September 2012  |  6307 views  |  1 biometric  face pointer

A spate of attacks on US financial institutions has seen criminals obtaining bank employee login details through phishing and keylogging and using the information to wire themselves hundreds of thousands of dollars, the FBI is warning.

In a fraud alert, the bureau says criminals have been duping financial institution employees with phishing and spam e-mails before installing keystroke loggers and remote access Trojans on their computers.

The thieves then manage to get complete access to internal networks and logins to third party systems, in some instances taking multiple credentials to circumvent authentication methods.

The crooks then use the information to log in to accounts outside of normal business hours and find out details that can help them steal money, such as transaction history and bank wire transfer settings.

In some of the incidents, before and after unauthorised transactions occurred, the victim suffered a DDoS attack against their public Web sites or Internet banking URLs as a distraction tactic. One botnet used, 'Dirtjumper', is a commercial crimeware kit that can be bought on criminal forums for $200.

Most of the victims to date have been small-to-medium sized banks and credit unions, although a few big players have also been hit, with between $400,000 and $900,000 wired overseas.

Comments: (1)

Ketharaman Swaminathan
Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune | 20 September, 2012, 11:05

When banks' own employees can get duped by phishing attacks, merely educating their customers to watch out for dodgy emails and URLs is not going to work in this day and age, as I'd pointed out here. Thankfully, technology is available to solve this problem reliably, cost-effectively and, most importantly, without "false positives".

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
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

High rolling cyber-crooks are smashing bank security safeguards

High rolling cyber-crooks are smashing bank security safeguards

26 June 2012  |  8142 views  |  3 comments
Cybercrime a growing risk for FS firms - PwC survey

Cybercrime a growing risk for FS firms - PwC survey

27 March 2012  |  6746 views  |  0 comments | 1 linkedin
Business banking customers target for new 'live chat' malware attack

Business banking customers target for new 'live chat' malware attack

05 March 2012  |  6720 views  |  0 comments
Another US firm sues bank after cyber-attack

Another US firm sues bank after cyber-attack

15 November 2011  |  11119 views  |  1 comments
FBI arrests 14 over PayPal cyber-attack

FBI arrests 14 over PayPal cyber-attack

20 July 2011  |  8500 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.vasco.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14791 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8141 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7456 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
6760 views comments | 13 tweets | 7 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6098 views comments | 8 tweets | 16 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job