Governance, Risk & Compliance

Governance, Risk & Compliance

August 10, 2012

New Virus Found in Middle East, Targets Banks

When it comes to taking down the world, you might need the services of a virus. But not the kind of virus that keeps you in bed with a box of tissues. Fortunately, Kaspersky Lab (News - Alert) may have the answer.

A different kind of a virus – the kind designed to attack our technological systems and breach the infrastructure of our digital communities. Today, those kinds of threats are not only possible, but common. And it seems like a new threat is taking shape with each day that passes. Fortunately there are people who are on the lookout for the next big threat and working on ways to fix the problem. This week, Kaspersky Lab found the next potential big threat, and one worth taking seriously.

Experts with the company found a virus in the Middle East designed to spy on the transactions of the banking world and get information about your banking transactions, passwords and information on a whole different set of sites – everything from social media to peeping in on your next chat conversation. While the virus was found in the Middle East, there’s no guarantee the virus originated there, having been found on the home computers in areas such as Israel, Lebanon and Palestinian.

The virus has so far been found on about 2,500 machines.  The system has been targeting places such as PayPal (News - Alert), BlomBank and Citibank, all of which have since made no comment on the possible breaches to the systems that they have, or the potential impact on individual accounts. For the time being, the people victimized by the virus will just have to wait and see what they can do to protect their accounts.

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Edited by Braden Becker

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