U.S. banks warned of cyberattack on accounts

by Shaun Waterman, The Washington Times  |  published on December 15, 2012

Russian cyber-gangster

The U.S. financial services industry has issued a warning that a Russian cyber-gangster is preparing to rob American banks and their customers of millions of dollars.

In addition, the computer security firm McAfee has reported that the cyber-criminal, who calls himself “Thief-in-Law,” already has infected the hundreds of computers of unwitting American customers in preparation to steal their bank account data.

The warning was issued Thursday by the Financial Services Information Sharing and Analysis Center (FS-ISAC), which shares information throughout the financial sector about terrorist and online threats, said Douglas Johnson, vice president for risk management at the American Bankers Association.

“FS-ISAC has sent out several notices warning about this gentleman,” Mr. Johnson told The Washington Times.

According to McAfee, Thief-in-Law has installed malicious software programs, known as “malware,” on hundreds of computers as part of his plan, dubbed “Project Blitzkrieg.” The malware steals passwords and login information, which hackers can use to drain victims’ bank accounts online.

“McAfee Labs believes that Project Blitzkrieg is a credible threat to the financial industry and appears to be moving forward as planned,” a company report states.

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