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Software Trojan Used to Steal $1 Million from Bank Accounts

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Consumers and businesses in Great Britain lost more than $1 million dollars so far this summer from a Trojan that is infecting their computers, prompting them to log into their bank accounts and then surreptitiously transferring money to scammers in other countries, security researchers said on Tuesday.

About 3,000 bank accounts were found to be compromised at one financial institution, which was not identified, according to a white paper released by M86 Security.

The multi-level scheme uses a combination of a new version of the Zeus keylogger and password stealer Trojan, which targets Windows-based computers and runs on major browsers, and exploit toolkits to get around anti-fraud systems used at bank Web sites, the report found.

Security Expert Shows How Hackers Could Get ATMs to Spit Out Cash

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cnet - LAS VEGAS--Hacking into an ATM isn't impossible, a security researcher showed Wednesday. With the right software, it's actually pretty easy.

Barnaby Jack, director of security testing at Seattle-based IOActive, hauled two ATMs onto the Black Hat conference stage and demonstrated to a rapt audience the fond daydream of teenage hackers everywhere: pressing a button and having an automated teller machine spew out its cash until a pile of paper lay on the ground.

Massive manual PC cleanup expected after McAfee error

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McAfee Error News reports and Twitter chatter suggest thousands of Windows PCs in large organizations around the globe were thrown into fits of rebooting yesterday after antivirus giant McAfee distributed a routine update carrying an egregious error.

Heartland in $60 mln settlement agreement with Visa

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Heartland FinesHeartland Payment Systems Inc (HPY.N) said it reached a $60 million settlement agreement with Visa Inc (V.N)

UK firms criticised for non-compliance

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UK Firms and PCIA survey has found that a notable percentage of UK-based businesses are not ready to meet the new PCI DSS regulations, putting many organisations in a position where they may breach new rules which will be gradually applied from June 2010.

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