Online banking: Money-stealing malware on prowl! - The Times of India

LONDON: Doing online banking frequently? Beware, as cyber-criminals have launched a new malware that not just steals your money from your bank, but also offers false reassurance that it's still there, experts have warned.

The attack, a new version of trojan horse SpyEye software that targets computers using Windows, has been detected in the US and the UK.

According to Trusteer, a security company which detected the attack, the software, which steals your bank passwords to give access to your account, waits for you to enter the same banking details before "adjusting" what you see.

The idea is to gives criminals more time to use debit card details on fraudulent transactions without the person realising it's happening, the Daily Mail reported.

The malware is designed in a way that when one visits his or her online bank, there will be no trace of the transactions that cyber-criminals are using to empty the bank account.

Online banking: Money-stealing malware on prowl! - The Times of India