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Security The Almighty Buck News IT

How the Eurograbber Attack Stole 36M Euros 57

Orome1 writes "Check Point has revealed how a sophisticated malware attack was used to steal an estimated €36 million from over 30,000 customers of over 30 banks in Italy, Spain, Germany and Holland over summer this year. The theft used malware to target the PCs and mobile devices of banking customers (PDF). The attack also took advantage of SMS messages used by banks as part of customers' secure login and authentication process. The attack infected both corporate and private banking users, performing automatic transfers that varied from €500 to €250,000 each to accounts spread across Europe."
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How the Eurograbber Attack Stole 36M Euros

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Loan-department manager: "There isn't any fine print. At these interest rates, we don't need it."