http://www.bankinfosecurity.com/cyber-spin-on-check-fraud-a-4709 By Tracy Kitten Bank Info Security April 26, 2012 Check fraud may seem like an antiquated scheme, but banking institutions continue to struggle with how best to prevent it. In fact, according to BankInfoSecurity's recent Faces of Fraud Survey, check fraud is the second most common scheme institutions face, placing just behind payment card fraud and ahead of phishing. And now, it seems, hackers are taking check fraud to a new cyber level. Security firm Trusteer has just revealed a new wave of check fraud that's striking corporate checking accounts in the United States, United Kingdom and China. Amit Klein, chief technology officer at Trusteer, in a new blog, describes how a hacker, through the use of phishing attacks and malware, accessed online accounts and then retrieved check details from stored check images. According to Klein, who uncovered this scheme in an underground forum, the fraudster is gaining access to online bank accounts, getting hold of check images, then using those details to create counterfeit checks with custom printing equipment, paper and ink. [...] _______________________________________________ LayerOne Security Conference May 26-27, Clarion Hotel, Anaheim, CA http://www.layerone.orgReceived on Fri Apr 27 2012 - 01:40:57 PDT
This archive was generated by hypermail 2.2.0 : Fri Apr 27 2012 - 01:39:54 PDT