The FBI says today that cyber criminals have stepped up their efforts to steal money and gain access to banks and other financial institutions using spam, phishing emails, keystroke loggers and Remote Access Trojans (RAT), according to an article from Network World.
Specifically, the fraudsters are looking to compromise financial institution networks and obtain employee login credentials, the Network World article reports. The stolen credentials are used to initiate unauthorized wire transfers overseas; amounts have varied between $400,000 and $900,000, and, in at least one case, the criminals raised the wire transfer limit on the customer's account to allow for a larger transfer. In most of the identified wire transfer failures, the perpetrators were only unsuccessful because they entered the intended account information incorrectly, the FBI states.