The FBI has arrested and charged a group of individuals suspected of being involved in a global bank fraud scheme that used the Zeus Trojan and other malware to steal millions of dollars from U.S. bank accounts, netting more than $3 million in stolen funds. “The digital age brings with it many benefits, but also […] More

British police have arrested two teenagers for alleged involvement in a large English-language cyber crime forum. Both were detained by appointment in London by the Police Central e-Crime Unit (PCeU) based at Scotland Yard. Following an eight-month investigation, police discovered the forum contained around 8,000 members who traded malware, stolen account information and cyber crime […] More

A variant of the Zeus Trojan has been discovered posing as a message from the Royal Mail service in the UK, according to an article on The Register. The attachment, which is a PDF file (one of the more widely used platforms to deliver malware), contains an executable file that has been linked to a […] More

Introduction Good morning, I want to thank Aviation Week for organizing this event.  The theme of this Forum is “Protect Your Enterprise with Secure and Resilient Information Flow.“  This is certainly a timely and important subject.  I know a number of the outstanding people on the program today, and I am sure that this will […] More

The Zeus Trojan is well known for its use in cyber crime, allowing cyber criminals to steal millions of dollars every year. However, cyber crime is not the only capability that Zeus provides miscreants. The amount of money presently being stolen by cyber criminals is astronomical, and yet, relatively little outcry or action has taken […] More

Instances of criminals using cyberspace to carry out monetary theft has been steadily increasing in recent years, with dire consequences for victims. Little & King LLC, a New York based marketing firm, faces bankruptcy after a computer virus infection allowed cyber criminals to drain the organizations bank account to the tune of $164,000. The firm’s […] More

A new botnet, which came out in late December, is trying to kill off a rival botnet, according to security researchers. The new toolkit, known as SpyEye V1.0, is similar to the more prolific Zeus trojan, both of which can be used to form botnets by infecting computers. SpyEye also contains a feature called “Kill […] More

Police in the United Kingdom have arrested a couple in Manchester for using Trojan software to commit bank fraud. The couple were arrested by the Central e-Crime Unit and are suspected of violating the 2006 Fraud Act and 1990 Computer Misuse Act. The pair of suspected of having used the infamous Zeus Trojan to commit […] More

2010 saw a dramatic increase in cyber crime and targeted botnet attacks, and at its peak around Christmas, the total number of unique botnet victims was 654 percent greater than the victim population at the beginning of the year, according to a new report. “Prior to 2010, many people thought in terms of spam and […] More

Recent FBI analysis reveals that cyber criminals engaging in ACH/wire transfer fraud have targeted businesses by responding via email to job postings online. The bureau said more than $150,000 was recently stolen from a U.S. business via unauthorized wire transfer as a result of an email the company received that contained malware. The malware was […] More

2010 was a breakout year for cybersecurity: from the revelations of the attack on Google, Operation Aurora, and the controversy surrounding WikiLeaks, to the Stuxnet worm, which targeted Iran“™s critical infrastructure and spawned a number of cyber conspiracy theories. But like a block-busting, splashy Hollywood sequel, cybersecurity in 2011 promises to be even bigger and […] More

A Scottish man has pleaded guilty to offenses originating from his involvement as the leader of an international cyber crime ring responsible for infecting computers worldwide with Trojans, according to Softpedia. In 2006, U.K. authorities arrested Matthew Anderson, following an investigation into the hacker group called m00p. Prosecutors said Anderson, who used the aliases of […] More