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The banking malware scourge
This article is part of the Information Security magazine issue of May 2010
At first, it was hard to tell what was causing the "phantom" money transfers from the online bank account of a small North Carolina company. Investigators didn't know if the fraudulent wire and Automated Clearing House transfers were caused by an insider or malware, recalls Don Jackson, director of threat intelligence with the Counter Threat Unit at SecureWorks, an Atlanta-based security services provider. But the cause became quite clear when Jackson and his team examined the bookkeeper's computer: an infection by the Zeus Trojan. "In the past, Zeus was just spyware and wanted user names and passwords," he says. "This was the first banking version of Zeus. It got into the browser and changed things on the fly." The malware caused the business to lose nearly $98,000, Jackson says. That was in late 2007. Today, criminals are using the Zeus crimeware kit with astonishing success, pulling off six-figure heists from the online bank accounts of scores of small businesses, municipalities and nonprofits. The Federal Deposit Insurance ...
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Features in this issue
Database activity monitoring can help with security and compliance by tracking everything going on in the database.
Microsoft Windows 7 security aims to improve security without the headaches of Vista.
OWASP Top 10 vulnerabilities list adds risk to methodology used to categorize coding errors.
Criminals are using the Zeus banking Trojan and other malware to hijack online business banking accounts.
Columns in this issue
Having a long-term goal for a career in information security isn't enough. Here are four key steps for planning for a career in information security.
A simplified information security risk equation helps translate information security risk to users.
The Rockefeller-Snowe cybersecurity bill has potential but raises a lot of questions.