Tndeer Logo

Page 1 of 1 1
Topic Options
#3081306 - 12/15/12 10:56 PM Massive Cyber Bank Attack Coming Soon!!!
FLTENNHUNTER1
16 Point


Registered: 11/21/07
Posts: 16045
Loc: Tampa FL

Offline
http://money.cnn.com/2012/12/13/technology/security/bank-cyberattack-blitzkrieg/index.html


Security firm McAfee on Thursday released a report warning that a massive cyberattack on 30 U.S. banks has been planned, with the goal of stealing millions of dollars from consumers' bank accounts.

McAfee's research upheld an October report from RSA, the security wing of IT giant EMC Corp (EMC, Fortune 500).

RSA startled the security world with its announcement that a gang of cybercriminals had developed a sophisticated Trojan aimed at funneling money out of bank accounts from Chase (JPM, Fortune 500), Citibank (C, Fortune 500), Wells Fargo (WFC, Fortune 500), eBay (EBAY, Fortune 500) subsidiary PayPal and dozens of other large banks. Known as "Project Blitzkrieg," the plan has been successfully tested on at least 300 guinea pig bank accounts in the United States, and the crime ring had plans to launch its attack in full force in the spring of 2013, according to McAfee, a unit of Intel (INTC, Fortune 500). (McAfee was founded by John McAfee, who is wanted for questioning as part of a Belize murder investigation, but he no longer has any ties to the company.)

Project Blitzkrieg began with a massive cybercriminal recruiting campaign, promising each recruit of a share of the stolen funds in exchange for their hacking ability and busywork. With the backing of two Russian cybercriminals, including a prominent cyber mafia leader nicknamed "NSD," the recruits were tasked with infecting U.S. computers with a particular strain of malware, cloning the computers, entering stolen usernames and passwords, and transferring funds out of those users' accounts.

The scheme was fairly innovative. U.S. banks' alarm bells get tripped when customers try to access their accounts from unrecognized computers (particularly overseas), so banks typically require users to answer security questions. Cloning computers lets the cybercriminals appear to the banks as though they are the customers themselves, accessing their accounts from their home PCs -- thereby avoiding the security questions.

And since most banks place transfer limits on accounts, recruiting hundreds of criminals to draw smallish amounts out of thousands of accounts is a way to duck those limits. The thieves could collectively siphon off millions of stolen dollars.
_________________________
The Second Amendment - George Washington didn't use free speech to defeat the British, he shot them.
"If there must be trouble, let it be in my day, that my child may have peace." - Thomas Paine





Top
#3081313 - 12/15/12 11:07 PM Re: Massive Cyber Bank Attack Coming Soon!!! [Re: FLTENNHUNTER1]
Locksley
16 Point


Registered: 10/23/01
Posts: 19730
Loc: Antioch TN

Offline
If we had a real government the CIA would put a reward out for internet crooks and send hit teams to get the punks.
_________________________
To know wisdom and instruction; to perceive the words of understanding;"The greatest pain a man can suffer is to have knowledge of much, and power over nothing" - Herodotus

Top
Page 1 of 1 1


Moderator:  Crappie Luck, Tennessee Todd, RUGER, Unicam, stretch, Cuttin Caller, Bobby G, Kimber45 
Hop to:
Top Posters
4105162
RUGER
86614
Deer Assassin
65010
BSK
60828
Crappie Luck
51376
spitndrum
Newest Members
bootsinsand, bigun714, clh200, tlwilliams, Forvols
13179 Registered Users
Who's Online
59 registered (Deerhunter, chebuck, easy45, Hunt 365, THE DUKE, 1 good shot, 7 invisible) and 83 anonymous users online.
Forum Stats
13179 Members
42 Forums
91007 Topics
1063485 Posts

Max Online: 788 @ 11/11/13 08:06 PM
Moon Phase
CURRENT MOON
August
Su M Tu W Th F Sa
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31
Forum Donations
The TnDeer.Com Deer Talk Forum is for Tennessee Deer Hunters by Tennessee Deer Hunters. If you enjoy using our Talk Forum and would like to contribute to help in it's up-keep. Just submit your contribution by clicking on the DONATE button below and paying with PayPal or a major credit card. Any amount is much appreciated. Thanks for your support!

TN Burn Safe

Generated in 0.056 seconds in which 0 seconds were spent on a total of 14 queries. Zlib compression enabled.