Connect with us

Banking

36 Million Euros Stolen from European Banks

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

Avatar

Published

on

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”.

Loading...

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.

malware-computer-virus

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.

Comments

Banking

Singapore’s PayNow and Thailand’s PromptPay Launch Cross-border Payment System

Olivier Languepin and Abhishek Prakash

Published

on

In a global first, Singapore and Thailand have linked their real-time payment systems, PayNow and PromptPay allowing international fund transfers between the two countries within minutes.

Loading...
(more…)

Continue Reading

Asean

12 Things to Know about the ASEAN Catalytic Green Finance Facility (ACGF)

The ACGF is an ASEAN Infrastructure Fund initiative managed by ADB’s Southeast Asia Department Innovation Hub. It helps Southeast Asian governments prepare and finance infrastructure projects promoting environmental sustainability and contributing to climate change goals.

Asian Development Bank

Published

on

Southeast Asia faces an infrastructure investment shortfall of more than $100 billion a year, which may have worsened amid the COVID-19 pandemic.

Loading...
(more…)

Continue Reading

Banking

Thai cabinet approves 350 billion baht Aid for COVID-hit Businesses

Thailand unveiled new measures to help small and medium COVID-hit businesses in the tourism industry hit by a liquidity crunch.

Olivier Languepin

Published

on

The Thai cabinet has approved assistance worth 350 billion baht($11 Billion) to help businesses affected by COVID-19 with soft loans and asset warehousing.

Loading...
(more…)

Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,066 other subscribers

Latest

Trending