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[ISN] Cyber-thieves Using DDoS to Distract Banks and Victims From Spotting Fraud



http://www.pcworld.com/businesscenter/article/245502/cyberthieves_using_ddos_to_distract_banks_and_victims_from_spotting_fraud.html

By Lucian Constantin
IDG-News-Service
Romania-Bureau Dec 5, 2011

Cyber-thieves are using distributed denial-of-service (DDoS) attacks in order to distract banks from spotting and reversing fraudulent wire transfers initiated on behalf of their customers.

The FBI has recently issued an alert about fake emails that purport to come from the National Automated Clearing House Association (NACHA) and distribute a variant of the Zeus banking trojan.

According to the bureau, after infecting computers with this notorious piece of malware, the fraudsters steal online banking credentials and launch DDoS attacks against the financial institutions used by the victims.

The attacks serve as a diversion, said Neal Quinn, vice president of operations at DDoS mitigation provider Prolexic, in a phone interview. Cyber-thieves believe that this will distract the bank's personnel and prevent them from spotting the fraudulent activity, he explained.

[...]


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