29 Sep '11, 4am

New malware threat to Internet banking applications - Channel NewsAsia

SINGAPORE: The Association of Banks in Singapore (ABS) has issued a warning against a new computer malware dubbed "SpyEye" that targets local Internet banking applications. It said there have been a few such cases. It said whenever the customer tries to access the bank's Internet banking application from an infected computer, the malware attempts to create a fraudulent third party beneficiary addition and funds transfer. ABS said 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. Those logging in to Internet banking applications from an infected computer could see a web banner that claims 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 ...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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