According to McAfee and Guardian Analytics reportdubbed operation High Roller, an international round of cybercriminals has been attacking banks around the world.
?Operation High Roller? Makes Banks Cringe
According to a McAfee and Guardian Analyticsreportdubbed operation High Roller, an international circle of cybercriminals has been attacking banks around the system They have been siphoning roughly $78 million from bank accounts in Columbia, Germany, Italy, the Netherlands, the United Kingdom and the US
In the report, McAfee Director of Advanced Research and Threat Intelligence Dave Marcuswritesthat this organized crime ball built on tactics established with previous malware is coming up with innovations including: bypasses for physical chip and pin authentication, automated mule statement databases, server-based fraudulent transactions, and attempted transfers to mule work accounts as lanky as 100,000 (US$130,000).
These hackers methodology represents a shift from traditional man-in-the-browser attacks on victims PCs to server-side automated attacks Where they once used multipurpose botnets, they now rely on dedicated servers built for the exhibit purpose of processing fraudulent transactions
Like most financial humbug rings, this one had previously focused on European targets, but McAfee found that their thefts own ended global, spreading to Latin America and supplementary recently to the US
This threat impacts commercial accounts, high-net-worth individuals, and budgetary institutions of all sizes. The new methodology allows criminals to manage fresh briskly and to attempt a wider variety of transactions It is a purpose-built, multiple-strategy manner that helps the criminals servers elude detection, which keeps them live for longer, facilitating even more fraud
Consumers can begin to protect themselves with antivirus, anti-spyware, anti-phishing, and firewall protection.
Banks and supplementary money institutions can correct their impostor detection rates even other by incorporating appliance reputation management into their layered defense Many leadingfinancial institutionsuse iovationsReputationManager 360to helps desist new balance fraud, detect fake at user login, detect fraudulent tributes applications and besides tostop investigation deposit fraudfrom mobile phones