Cyber-thieves Using DDoS to Distract Banks and Victims From Spotting Fraud

[InfoSec News <alerts () infosecnews org>]

http://www.pcworld.com/businesscenter/article/245502/cyberthieves_using_ddos_to_distract_banks_and_victims_from_spotting_fraud.html

By Lucian Constantin
IDG-News-Service
Romania-Bureau Dec 5, 2011

Cyber-thieves are using distributed denial-of-service (DDoS) attacks in 
order to distract banks from spotting and reversing fraudulent wire 
transfers initiated on behalf of their customers.

The FBI has recently issued an alert about fake emails that purport to 
come from the National Automated Clearing House Association (NACHA) and 
distribute a variant of the Zeus banking trojan.

According to the bureau, after infecting computers with this notorious 
piece of malware, the fraudsters steal online banking credentials and 
launch DDoS attacks against the financial institutions used by the 
victims.

The attacks serve as a diversion, said Neal Quinn, vice president of 
operations at DDoS mitigation provider Prolexic, in a phone interview. 
Cyber-thieves believe that this will distract the bank's personnel and 
prevent them from spotting the fraudulent activity, he explained.

[...]


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