Coming to a bank near you. Glad I don't bank online because sooner or later it will happen here.
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Cyber criminals have raided the accounts of thousands of British internet bank customers in one of the most sophisticated attacks of its kind.
The fraudsters used a malicious computer programme that hides on home computers to steal confidential passwords and account details from at least 3,000 people.
The internet security experts M86, who uncovered the scam, estimate that at least £675,000 has been illegally transferred from the UK in the last month - and that the attacks are still continuing.
Last year 59.7 million Pounds was stolen in online banking fraud, while another 440 million was lost to credit card fraud.
That's for sure. Have a friend that is fairly sure she has a virus and STILL does online banking.Now add in the end user factor and their lack of interest in protecting themselves, and the balance clearly tips towards increased profitability for hackers and trojan writers.
'In the vast majority of cases, if people had kept their computer's operating systems and software such as Internet Explorer up to date they would not have been attacked,' he said.
'More often than not Trojans exploit known vulnerabilities that can be simply patched and fixed by downloading updates.'
Updated OS + Firewall + Avira A/V + Firefox w/NoScript.
I'm doing the best I can to protect myself.
No need. One look at your bank balance and depression will cause you to deflate instantaneously.That's nothing. I wear a condom when I bank online.
No need. One look at your bank balance and depression will cause you to deflate instantaneously.
j/k
With your Wells info, you can set up to pay a credit card from a different issuer, for example.How does this work, anyway? With Wells Fargo, at least, you can't just go transferring money to other bank accounts willy nilly. I guess you can if the recipient account is also a Wells Fargo account....is that what they do? Then cash the account out, leaving the bank to take the loss? AFAIK, you're only liable for 50$ in the event of fraud.
$50 for credit card fraud.
That's what mine is, zero. But at some time in the past it was $50.00. Maybe industry standard then?Zero liability for cards, in most cases.
The Zeus v3 Trojan involved in the latest attacks hides in adverts that appear on legitimate websites.Are these brute force attacks? I'm pretty sure my password is not cookied or anything like that (I have to type it in every time I log in) so I don't know where they'd get the password from. I guess the Trojan has a keylogger?
Each time someone clicks on the advert, the code is downloaded to their home computer where it lies dormant.
If the banks used an RSA token or something like that, there would be no issue, since each time you log the code would be different and keyloggers etc would be useless. Viruses and such would not be able to do anything as far as logging into your accounts.
Ah, yeah, it might be zero now. Last I remember seeing was $50.
So they essentially Bill Pay themselves? I see. That makes sense.
Yikes.
Visa?MC says we nice guys, we do more than federally required minimum and introduce zero liability:
I don't think banks can afford to provide RSA tolkens to all their account holders, it's already a very low margin business.