in ,

IBM: US Corporations Targeted in Online Banking Fraud

IBM: US Corporations Targeted in Online Banking Fraud - top government contractors - best government contracting event

cyber hack network computerIBM‘s security researchers have identified an international cyber crime group using phishing emails, sophisticated malware and scam phone calls to steal money from large U.S.-based companies, Reuters reported Thursday.

Bill Rigby writes the hackers send unsolicited emails attached with a Dyre malicious software to corporate employees in order to execute fraudulent wire transfers.

Dyre is programmed to recognize a user’s visit to a banking site and display a message notifying the user that the webpage being accessed has technical issues and to call a provided number, the report said.

A live phone operator then would ask the victim for banking account details and quickly transfer money, according to Rigby’s article.

IBM‘s security business recommended that companies implement programs to help employees understand and identify phishing threats.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Cybersecurity News

mm

Written by Mary-Louise Hoffman

is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.

Orbital ATK to Augment ULA Rocket for Launch of NASA Solar Probe - top government contractors - best government contracting event
Orbital ATK to Augment ULA Rocket for Launch of NASA Solar Probe
Cubic Completes First Phase of UAS Air Range System; Bill Toti Comments - top government contractors - best government contracting event
Cubic Completes First Phase of UAS Air Range System; Bill Toti Comments