29 July 2016
Find out more

Cybercrooks scent rich pickings from Sepa migration

23 November 2012  |  5898 views  |  0 Euro Coin on EU Flag

The migration of European banks and corporates to a Single Euro Payments Area (Sepa) is creating a rich new target for cybercrooks, says McAfee, which has identified a recent attempt to steal EUR61,000 from German banks.

The scammers use variations of the Zeus and SpyEye Trojans to infiltrate targeted corporate accounts with the specific goal of initiating Sepa Credit Transfers to mules across the EU

The malicious "webinjects" targetted two German banks with a specially crafted JavaScript payload deployed to about a dozen of their online banking customers which have Sepa as an option, says McAfee. The campaigns are hard to detect because they infect only a few dozen customers and take advantage of the automated channels developed by banks to distribute Sepa payments.

The system, which is being run out of Moscow, is hard-coded to allow up to a maximum of €100,000 for a single Sepa transaction and a minimum of €1,000.

"For one of the financial institutions targeted, we estimated from the log files we retrieved that €61,000 in attempted Sepa transactions were made to mule accounts," says McAfee. "Some of the accounts had more than €50,000 as the standing account balances."
KeywordsSEPA

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

Sentenial embarks on EUR20 million expansion as Sepa End Date looms

Sentenial embarks on EUR20 million expansion as Sepa End Date looms

09 November 2012  |  8181 views  |  0 comments | 3 tweets | 5 linkedin
Belgian banks to shift payments to France's Stet platform

Belgian banks to shift payments to France's Stet platform

24 October 2012  |  6796 views  |  0 comments | 11 tweets | 4 linkedin
High rolling cyber-crooks are smashing bank security safeguards

High rolling cyber-crooks are smashing bank security safeguards

26 June 2012  |  7695 views  |  3 comments
Banks see corporates as key to Sepa success

Banks see corporates as key to Sepa success

14 May 2012  |  7174 views  |  0 comments
EC plans cybercrime centre to fight online crooks

EC plans cybercrime centre to fight online crooks

29 March 2012  |  6663 views  |  1 comments
Cybercrime a growing risk for FS firms - PwC survey

Cybercrime a growing risk for FS firms - PwC survey

27 March 2012  |  6376 views  |  0 comments | 1 linkedin
Russian security services bust notorious malware ring

Russian security services bust notorious malware ring

21 March 2012  |  6054 views  |  0 comments
MEPs vote for 2014 Sepa deadline

MEPs vote for 2014 Sepa deadline

14 February 2012  |  10282 views  |  2 comments

Related blogs

Create a blog about this story (membership required)
Visit VocaLink.comVisit www.abe-eba.euVisit capgemini.com

Top topics

Most viewed Most shared
satelliteContactless Bitcoin startup Plutus Tap &am...
9627 views comments | 10 tweets | 4 linkedin
Telefonica Germany launches Fidor-backed mobile banking serviceTelefonica Germany launches Fidor-backed m...
6871 views comments | 16 tweets | 22 linkedin
hands typing furiouslyManaging Big Data After Brexit
6073 views 0 | 6 tweets | 8 linkedin
UK and South Korea build 'fintech bridge'UK and South Korea build 'fintech bridge'
5992 views comments | 13 tweets | 14 linkedin
Finextra paper explores blockchain as an enabler of operational resilienceFinextra paper explores blockchain as an e...
5463 views comments | 12 tweets | 9 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job