New online banking threat

By Douglas Schweitzer
November 28, 2007 6:25 AM EST
People are generally surprised when they hear that I don't do online banking, but this article " 'Man in the browser' is new threat to online banking" reminds me why I don't. I don't know anyone who's experienced this type of violation, but apparently criminals have now developed malware that is set in motion once account holders access their bank accounts online. This attack circumvents the current focus of online banking security. While security programs are busy monitoring unauthorized keystroke logging and phishing schemes, malware writers instead intercept HTML code in Web browsers. This is actually pretty ingenious, albeit criminal. The hapless consumer isn't even making any dreaded "risky" online purchases - perhaps he's just checking his account balances - no matter that the site is valid, the criminals intercept his transaction and then go and sell his valuable data to other criminal(s). Most disconcerting is the probability that these types of "Man in the Browser" threats will only increase in the coming months.
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