Bank transfers are under threat from a newly-discovered cyber threat. IBM’s security group found that an organized criminal gang from Eastern Europe had stolen funds of up to $1 million on each occasion using malware, phishing emails and phone calls. Victims are targeted with emails that then link to fake websites that appear to be genuine but stating that the bank’s main website is offline for maintenance. Users are then requested to call a support number. At that point they are connected to a fake operator who takes the details needed to steal the funds. Caleb Barlow, IBM Security vice president, warned that in circumstances like these a company’s employees can be its biggest risk.
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