30 Sep '11, 1am

Often use Internet banking? Be careful of this nasty new malware

SINGAPORE - A computer malware dubbed "SpyEye" has surfaced here, targeting Internet banking applications. When a customer tries to access a bank's Internet banking application from an infected computer, the malware attempts to create a fraudulent third party beneficiary addition and funds transfer. The Association of Banks in Singapore (ABS) warned yesterday that it has come across a few of such cases. It added that customers who visit infected websites, open infected emails or download unknown files are vulnerable to the malware, which can also be transmitted through social networking sites. Customers logging into Internet banking applications from an infected computer could see a web banner that claims to be checking the computer's security settings. The login page will indicate that the transaction "may take 1-10 minutes to complete" or "security verification in progre...

Full article: http://www.todayonline.com/Hotnews/EDC110930-0000245/Malw...

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