Cyberspace has become all pervasive. Every facet of a modern life has elements of cyberspace embedded in it. Therefore securing the cyberspace has become a necessity, which can no more be wished away. This space collate the news and views affecting the security of our cyberspace.
Criminals using a dangerous variant of the Zeus bank Trojan have started hacking BT, Talk Talk and Sky phone accounts as a way of redirecting phone calls from bank fraud services away from victims.
Malware gangs are wary of post-transaction verification and will typically test the system to work out the fraud threshold for different institutions and customers.
"Faudsters are increasingly turning to these post-transaction attack methods to hide fraudulent activity from the victim and block email and phone communication from the bank," said Trusteer CTO, Amit Klein.
"This allows attackers to circumvent security mechanisms that look for anomalies once transactions have already been executed by the user."