Online Banking Malware Rewrites Your Statements

A very sneaky new malware Trojan virus hides in your computer and actually rewrites your online statements as you watch to hide evidence of theft. This hacking feat hides the evidence long enough for the malefactors to get away with your money.

The new technique was deployed in over 6,000 PCs; the thieves stole over E300,000 in just three weeks. Computer experts are impressed by the sophistication of the malicious software.

Once a victim is infected, the malware grabs the consumer’s log in credentials to their bank account, then contacts a control center hosted on a machine in Ukraine for further instructions. The control center tells the Trojan how much money to wire transfer, and where to send it. To avoid tripping a bank’s automated anti-fraud detectors, the malware will withdraw random amounts, and check to make sure the withdrawal doesn’t exceed the victim’s balance.

The money gets transferred to the legitimate accounts of unsuspecting money mules who’ve been recruited online for work-at-home gigs, never suspecting that the money they’re allowing to flow through their account is being laundered. The mule transfers the money to the crook’s chosen account. The cyber gang Finjan tracked used each mule only twice, to avoid fraud pattern detection.

Computer fraud experts are concerned that the gang could steal millions per year with the malware.

Science fiction fans have had their minds opened to the possibility of thieving hacks in a variety of movies and real-life situations that reflect them; see Teen Hacker Raises Grades Wargames-Style and Gangs Take PINs From Card Readers for examples. Cyber thieves should watch out, however - Cyber-Crime Cops Are Getting Organized.


(Stargate Atlantis cast)

Fans of Stargate Atlantis may be thinking of the occasion when Asuran replicator's base code was altered in the episode "Lifeline".

McKAY: I’ve been going over the Replicators’ base code and I found this. (He turns the screen of his laptop to John.)
DEX: What is that?
McKAY: The Holy Grail. I mean, it’s their whole reason for being. It’s a command code that directs them to attack the Wraith.
SHEPPARD: Yeah, but they don’t attack the Wraith. They’ve been sitting on their nanite asses for ten thousand years.
McKAY: Well, that’s because it’s been deactivated.
SHEPPARD: You’re just noticing this now, huh?
McKAY: This is just one in millions of commands in the base code. Look, I always had a hunch that something like this might be in there, but-but believe me, it was not easy to find.
WEIR: Can you reactivate it?
McKAY: Yes ... but there’s a problem. Look, I can reprogram the nanites in your brain and use that link to upload the changes, but we’ll need to wait for the next merge to affect all the Replicators at once, and we have no idea when that could be. Not only that, but the instant it happens, they’ll know you’re there. They’ll take immediate steps to assimilate you.
SHEPPARD: Then we’re not doing it.
WEIR: John, you know what this could mean. If the Replicators go to war with the Wraith ...
McKAY: Whoa-whoa-whoa. Hang on. There may be another way. There’s a central data core -- it’s kind of like a back-up hard drive for all the Replicators. If I can upload the reactivated attack command directly into that, then we wouldn’t need to use Elizabeth. We could be halfway back to Atlantis when the attack command takes effect at the next merge.

From New Malware Re-Writes Online Bank Statements to Cover Fraud; more about Stargate Atlantis: Lifeline. Thanks to Moira for the tip and references.

Scroll down for more stories in the same category. (Story submitted 10/5/2009)

Follow this kind of news @Technovelgy.

| Email | RSS | Blog It | Stumble | del.icio.us | Digg | Reddit |

Would you like to contribute a story tip? It's easy:
Get the URL of the story, and the related sf author, and add it here.

Comment/Join discussion ( 0 )

Related News Stories - (" Computer ")

ARM Wants To Build Brain Chips
'Slivers of microsoft, angular fragments of colored silicon...' - William Gibson, 1984.

Robot Swarms Controlled With Augmented Reality
'You're not thinking in enough dimensions...' - Daniel Suarez, 2009.

Eterni.me - To Skype With The Dead
'Nothing... left of Jeserac but a galaxy of electrons frozen in the heart of a crystal.'- Arthur C. Clarke, 1956.

Razer Project Valerie Laptop Unfurls
'A paper thin polycarbon screen unfurled silently...' - William Gibson, 1986.

 

Google
  Web TechNovelgy.com   

Technovelgy (that's tech-novel-gee!) is devoted to the creative science inventions and ideas of sf authors. Look for the Invention Category that interests you, the Glossary, the Invention Timeline, or see what's New.

 

 

 

 

 

Current News

Bat Bot Robotic Flapping-Wing Drone
'The dark birdforms dotted the mountaintops like statues of prehistoric beasts, wings outspread...'

NASA's Astronaut Rescue Ball
'Ball and closely-prisoned man plummeted downward..'

ARM Wants To Build Brain Chips
'Slivers of microsoft, angular fragments of colored silicon...'

Sky Fence - A Drone-Proof Shield Created Over Prison
'There’s still a protective field over the whole thing. It volatilizes anything that tries to get through.'

Geoengineering The Atmosphere For Climate Change
'...a uniform temperature for each degree of latitude the year round.'

Archinaut Orbiting Robotic Factory
'mass-produced only in the orbiting factories...'

Cryonic Preservation - The Last Perk You'll Ever Need
'Is there not also a law providing for voluntary suspension of animation?'

Computers Understand Humans By Watching And Modeling Them
Soon, your computer will be watching you... and judging you.

NASA Asks For Moon To Earth Delivery Ideas
'Authority's 3-g catapult was almost one hundred kilometers long...'

Musk Tunnels Wisely Restrict Drivers
Too many robots.

Robot Swarms Controlled With Augmented Reality
'You're not thinking in enough dimensions...'

MIT's C-LEARN Helps Robots Transfer Learning To Other Robots
'Talk Between Robots radio...'

Mini-Brains In A Dish
'Cultured brains on a slab.'

Rapid Automated Search For Habitable Planets Needed
'I was near enough it now to set my automatic astronomical instruments to searching it for a habitable planet.'

WatchSense Perfect For Fat-Fingered Smartwatch Owners
'Now all you had to do was wave your hand in the general direction of the components...'

Digital Construction Platform Robot 3D Prints A Building
'It extrudes material like a spider.'

More SF in the News Stories

More Beyond Technovelgy science news stories

Home | Glossary | Invention Timeline | Category | New | Contact Us | FAQ | Advertise |
Technovelgy.com - where science meets fiction™

Copyright© Technovelgy LLC; all rights reserved.