Risk Management

05:05 PM
Connect Directly
Facebook
Google+
LinkedIn
Twitter
RSS
E-Mail
50%
50%

Upsurge of Attacks Against Banking Sites

Security firm F-Secure has warned of an upsurge in attacks against banking sites, using a new generation of malicious codes in a technique called "Man in the Browser."

Security firm F-Secure has warned of an upsurge in attacks against banking sites, using a new generation of malicious codes in a technique called "Man in the Browser".Once a computer has been infected, the malicious code is only triggered when the web user visits his online bank site. This type of malware is capable of retrieving the information - such as login and password - that is entered by the web user on the real web page of the bank site by intercepting the HTML code on his web browser.

The user's personal data is then sent directly to an FTP site where the criminal stores it, before selling it on to the highest bidder on other web sites used by cyber-criminals.

"With the enhancements that banks have deployed in terms of authentication security on their online banking sites, phishing attacks are becoming less and less effective and attacks of the 'Man in the Browser' are set to increase," says Mikko Hypponen, Chief Research Officer at Helsinki, Finland-based F-Secure.

F-Secure says security products that use behavioural analysis are the most effective against Man in the Browser attacks, since the malicious codes are designed specifically for certain banking sites.

Last week, security experts reported a spike in malicious attacks against banks, specifically targeting top level financial executives at these institutions.Security firm F-Secure has warned of an upsurge in attacks against banking sites, using a new generation of malicious codes in a technique called "Man in the Browser." Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio

Comment  | 
Print  | 
More Insights
Register for Wall Street & Technology Newsletters
White Papers
Current Issue
Wall Street & Technology - July 2014
In addition to regular audits, the SEC will start to scrutinize the cyber-security preparedness of market participants.
Video
Inside Abel Noser's Trading Floor
Inside Abel Noser's Trading Floor
Advanced Trading takes you on an exclusive tour of Abel Noser's New York trading floor, where the agency broker known for transaction cost analysis, is customizing algorithms for the buy side, while growing its fixed income trading and transitions business.