DataBreaches.Net

Menu
  • About
  • Breach Notification Laws
  • Privacy Policy
  • Transparency Report
Menu

UK: Hackers steal from thousands of bank accounts in latest security breach

Posted on August 10, 2010 by Dissent

More on the breach previously mentioned in another blog entry.

Victims at one bank have lost between £1,000 and £3,000 each thanks to a ‘trojan horse’ program developed by the cyber criminals.

The name of the high street bank has yet to be released as the information has just been handed to the police.

The hackers have stolen at least £675,000 from 3,000 accounts at the institution.

The web attack, which originated from a server in eastern Europe, is still progressing, according to computer security experts.

They said it was the most sophisticated and dangerous malware program they had come across. And they accused the bank of failing to react quickly enough to the security breach, which began last month.

The trojan, known as a Zeus v3, spreads through legitimate websites and advertising to infect computers.

Once it has done so, it lies dormant until users connect to their online banking page. It then steals the customer’s log-in and password details and hacks into their account.

Read more on Metro.

Described this way, it sounds like it’s the bank’s security breach, but since one could argue that it was the users who were at least somewhat responsible for their account login being compromised/stolen, is this really the bank’s breach? Or do we say that banks have a responsibility to have greater authentication than whatever this bank uses so that it would detect a suspicious IP? Once the trojan is capturing whatever the user enters in their browser in real time, what security measures on the bank’s part are both necessary and sufficient?

C’mon, you security pro’s… what’s the answer? Educate this humble privacy advocate.

Category: Breach IncidentsFinancial Sector

Post navigation

← WI: Former jailer to be sentenced in credit card theft case
Four sentenced in NJ for their role in $30 million international bank fraud and ID theft ring →

Now more than ever

"Stand with Ukraine:" above raised hands. The illustration is in blue and yellow, the colors of Ukraine's flag.

Search

Browse by Categories

Recent Posts

  • A state forensics lab was leaking its files. Getting it locked down involved a number of people.
  • CoinMarketCap Hacked, Scrambles to Remove Malicious Wallet Verification Popup
  • Montana Attorney General launches investigation into Lee Enterprises data breach
  • AT&T gets preliminary approval for $177 million data breach settlement
  • Aflac notifies SEC of breach suspected to be work of Scattered Spider
  • Former JBLM soldier pleads guilty to attempting to share military secrets with China
  • No, the 16 billion credentials leak is not a new data breach — a wake-up call about fake news (Updated)
  • Tonga’s health system hit by cyberattack (1)
  • Russia Expert Falls Prey to Elite Hackers Disguised as US Officials
  • Proposed class action settlement in In re Netgain Technology litigation

No, You Can’t Buy a Post or an Interview

This site does not accept sponsored posts or link-back arrangements. Inquiries about either are ignored.

And despite what some trolls may try to claim: DataBreaches has never accepted even one dime to interview or report on anyone. Nor will DataBreaches ever pay anyone for data or to interview them.

Want to Get Our RSS Feed?

Grab it here:

https://databreaches.net/feed/

RSS Recent Posts on PogoWasRight.org

  • The Markup caught 4 more states sharing personal health data with Big Tech
  • Privacy in the Big Sky State: Montana’s Consumer Privacy Law Gets Amended
  • UK Passes Data Use and Access Regulation Bill
  • Officials defend Liberal bill that would force hospitals, banks, hotels to hand over data
  • US Judge Invalidates Biden Rule Protecting Privacy for Abortions
  • DOJ’s Data Security Program: Key Compliance Considerations for Impacted Entities
  • 23andMe fined £2.31 million for failing to protect UK users’ genetic data

Have a News Tip?

Email: Tips[at]DataBreaches.net

Signal: +1 516-776-7756

Contact Me

Email: info[at]databreaches.net

Mastodon: Infosec.Exchange/@PogoWasRight

Signal: +1 516-776-7756

DMCA Concern: dmca[at]databreaches.net
© 2009 – 2025 DataBreaches.net and DataBreaches LLC. All rights reserved.