Ron Burgundy Posted April 2, 2015 Share Posted April 2, 2015 By Bill Rigby SEATTLE (Reuters) - IBM has uncovered a sophisticated fraud scheme run by a well- funded Eastern European gang of cyber criminals that uses a combination of phishing, malware and phone calls that the technology company says has netted more than $1 million from large and medium-sized U.S. companies. The scheme, which IBM security researchers have dubbed "The Dyre Wolf," is small in comparison with more recent widespread online fraud schemes but represents a new level of sophistication. According to IBM, since last year the attackers have been targeting people working in companies by sending spam email with unsafe attachments to get a variant of the malware known as Dyre into as many computers as possible. If installed, the malware waits until it recognizes that the user is navigating to a bank website and instantly creates a fake screen telling the user that the bank's site is having problems and to call a certain number. View the full article Quote Link to comment Share on other sites More sharing options...
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