Thursday, December 13, 2012

Massive bank cyberattack planned: Project Blitzkrieg [Project Mayhem?]


Security firm McAfee on Thursday released a report warning that a massive cyberattack on 30 U.S. banks has been planned, with the goal of stealing millions of dollars from consumers' bank accounts.

McAfee's research upheld an October report from RSA, the security wing of IT giant EMC Corp (EMC, Fortune 500).

RSA startled the security world with its announcement that a gang of cybercriminals had developed a sophisticated Trojan aimed at funneling money out of bank accounts from Chase (JPM, Fortune 500), Citibank (C, Fortune 500), Wells Fargo (WFC, Fortune 500), eBay (EBAY, Fortune 500) subsidiary PayPal and dozens of other large banks. Known as "Project Blitzkrieg," the plan has been successfully tested on at least 300 guinea pig bank accounts in the United States, and the crime ring had plans to launch its attack in full force in the spring of 2013, according to McAfee, a unit of Intel (INTC, Fortune 500).

Story: http://money.cnn.com/2012/12/13/technology/security/bank-cyberattack-blitzkrieg/

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