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Articles tagged with: bank fraud

Zitmo: A New Malicious Trojan That Steals Your Bank Info

The people responsible for the horrible ZeuS botnet have started exploiting a vulnerability in mobile banking that allows them to steal bank passwords. The spyware app is a Trojan called Zitmo and it has recently been modified to attack Android devices.

The malware works by posing as bank activation software, in where it preys upon its victims and steals all your bank details as you bank online.

Four Men Caught In $1.5 Million Skimming Operation

According to PCWorld, three Romanian men and one Austrian man were indicted on Monday by U.S. federal prosecutors. The four men stole over 1.5 Million U.S. dollars by cloning payment cards with stolen account information. The men are charged with skimming (recording account details from the magnetic stripe of payment cards while capturing a person’s PIN by using fake overlays on the number pads.

Accounts were targeted at Citibank, and JP Morgan Chase between March 2010 and May 2011. The affected cities included New York, Miami, and Chicago. The four stole about $110,000 per month over those fourteen months, perhaps splitting it four ways at about $27,000 each, per month ($324,000 individual ‘salary’).