IBM Uncovers New, Sophisticated Bank Transfer Cyber Scam

[InfoSec News <alerts () infosecnews org>]

https://recode.net/2015/04/02/ibm-uncovers-new-sophisticated-bank-transfer-cyber-scam/

By Bill Rigby
Reuters.com
April 2, 2015

IBM has uncovered a sophisticated fraud scheme run by a well-funded 
Eastern European gang of cyber criminals that uses a combination of 
phishing, malware and phone calls that the technology company says has 
netted more than $1 million from large and medium-sized U.S. companies.

The scheme, which IBM security researchers have dubbed “The Dyre Wolf,” is 
small in comparison with more recent widespread online fraud schemes but 
represents a new level of sophistication.

According to IBM, since last year the attackers have been targeting people 
working in companies by sending spam email with unsafe attachments to get 
a variant of the malware known as Dyre into as many computers as possible.

If installed, the malware waits until it recognizes that the user is 
navigating to a bank website and instantly creates a fake screen telling 
the user that the bank’s site is having problems and to call a certain 
number.

[...]

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