Barney's Blog

Blog archive

Zeus-Style Worm Rips off Banks, Finance Houses

I may be naïve, but I find it hard to believe that malware (especially automated malware) in these days of layered protection, can steal millions upon millions of dollars from highly successful financial institutions.

But that is precisely the claim of McAfee and Guardian Analytics, who just published a report on the subject that printed loss figures (but didn't name the names of those companies who got hacked).

The malware is based in part on Zeus, and is cleverly (I guess) named High Roller since the companies its steals from have lots of dough.

The hacks are a combination of hands-on hacking and automated pilfering of ongoing financial transactions.

McAfee believes a little as $75 million and as much as $2.5 billion may have been lifted, but with a range this wide, does the company really have any clue?

What is your take on all of this? Is it really still this easy to steal this much money and not get caught? You tell me at dbarney@redmondmag.com.

Posted by Doug Barney on 06/29/2012 at 1:19 PM


Featured

  • Windows 10 Mobile To Fall Out of Support in December

    Microsoft will end support for the Windows 10 Mobile operating system on Dec. 10, 2019, according to an announcement.

  • Get More Out of Your Outlook Inbox with TakeNote

    Brien comes across a handy, but imperfect, feature in Outlook that lets you annotate specific e-mails. Its provenance is something of a mystery, though.

  • Microsoft Resumes Rerelease of Windows 10 Version 1809

    Microsoft on Wednesday once more resumed its general rollout of the Windows 10 version 1809 upgrade, also known as the "October 2018 Update."

  • Microsoft Ups Its Windows 10 App Compatibility Assurances

    Microsoft gave assurances this week that organizations adopting Windows 10 likely won't face application compatibility issues.

comments powered by Disqus
Most   Popular

Office 365 Watch

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.