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Here is a pretty good explanation on how the latest Trojans steal you money, phishing and other methods used, read below if interested...




How did European bank malware steal $47 million?

Summary: Perhaps online banking two-step verification isn't as secure as we think.

A paper released by Checkpoint suggests that hackers working in Eastern Europe have systematically been able to swipe approximately $47 million through the use of a trojan that infiltrates smartphones. The infestation, dubbed "Eurograbber", is a trojan variant based on the Zeus and Zitmo banking malware.

According to the firm, by intercepting two-step authentication text messages sent to mobile phone users -- with a particular bend towards BlackBerry and Android models -- amounts ranging between 500 and 250,000 euros have been stolen from over 30,000 banking customers.

Attacks began in Italy, and soon the exploit hit the shores of Germany, Spain and Holland. Cases have only been documented in Europe so far, but it is possible that countries outside of the European Union may also eventually become targets of the Eurograbber trojan.

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