Fast Flux Botnet Nets Fraudsters $78 Million

By | October 29, 2012

Source: Information Week

by Mathew J. Schwartz

In this article “What does it take to build a cutting-edge, highly automated series of attacks against banking systems, powered by financial malware and bulletproof hosting services? For starters, it helps to have extensive experience using the Zeus and SpyEye financial malware toolkits.

That’s just one finding from “Operation High Roller Revisited,” a new report released this week by McAfee and Guardian Analytics, which provides greater insights into the gangs that appear to be behind a massive number of attacks launched against financial institutions from servers located in Russia, Albania and China.

The criminals have stolen an estimated $78 million, in part by using financial malware. “These campaigns, like many other attempts at fraud, originated in Eastern Europe, so it is not surprising that the actors had an extensive history of Zeus and SpyEye activity,” read the report, which was written by Ryan Sherstobitoff, a threat researcher at McAfee.”

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