Check Point® Software Technologies, the worldwide leader in securing the Internet,and Versafe, a private and independent vendor of online fraud prevention solutions, today published “A Case Study of Eurograbber: How 36 million was stolen via malware”.

The case study uncovers a highly sophisticated attack used to steal millions from corporate and private banking customers across Europe.Eurograbber was launched against banking customers, using a sophisticated combination of malware directed at computers and mobile devices.

The malware, in conjunction with the attackers’ command and control server, first infected the victims’ computers, and then, infected their mobile devices in order to intercept SMS messages to bypass the banks’ two-factor authentication process

The malware, in conjunction with the attackers’ command and control server, first infected the victims’ computers, and then, infected their mobile devices in order to intercept SMS messages to bypass the banks’ two-factor authentication process. With the stolen information and the transaction authentication number TAN, the attackers then performed automatic transfers of funds, ranging between €500 and €250,000, from the victims’ accounts to mule accounts across Europe.

via Media Alert: Check Point and Versafe Uncover New Eurograbber Attack | Check Point Software.