Cybercrooks scent rich pickings from Sepa migration
23 November 2012 | 6346 views | 0
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 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."