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Online Banking Cybercrime: Don’t Become a Victim

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Online Banking Cybercrime: Don’t Become a Victim

CategoriesInformation Security: Backup & Recovery

Robert Kohl

November 26, 2013

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Recent reports show a rise in online banking cybercrime.

Not that you need anything new to be concerned about, but there is a new online threat. A new Trojan program is targeting online banking users. This malicious malware, called Trojan-Banker.Win32/64.Neverquest by the Kasperky Lab, is the latest wave in cybercrime. Thousands of attempted infections were recorded from July up to mid-November by the Kasperky Lab and more attempts can happen.

Online Banking Cybercrime
Online Banking Cybercrime

Trojan-Banker.Win32/64.Neverquest, or Neverquest in short, is used to steal online banking usernames and passwords to access financial information unbeknownst to the victims. It can alter website content on through Firefox and Internet Explorer, which allows the hackers to remotely use and control infected computers through virtual network computing. Scary thought right?

Large international banks and companies that provide online payment services have been targeted – 28 websites to be exact. The malware gains access to victims through web pages they visit to view their account balance, checking account and account summary. This information is then sent to the hackers and all of your financial information is no longer private. Yikes!

So how is money lost? Once the hackers have access to your online banking account, they can transfer funds through the victim’s browser. This allows them to bypass any restrictions and the action is not flagged as unauthorized. It basically looks like you are transferring your own money to a new account. The most targeted company has been Fidelity Investments, one of the largest global investment firms.

The thievery doesn’t stop with online banking. Neverquest also steals account log-in information for social networking websites and email accounts from its victims. Hackers can send spam emails and other viruses to your email, which normally look like service notifications. At trueITpros, we recommend installing anti-virus protection programs on all of your computing devices to decrease online threats. How do you protect your valuable information online?

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