Massive Cyber Attack in USA, Europe and Latin America Siphons $2.5 Billion From Banks
Dissecting Operation High Roller
How the high-tech mantra of “automation and innovation” helps a multi-tiered global fraud ring target high net worth businesses and individuals. Building on established Zeus and SpyEye tactics, this ring adds many breakthroughs: bypasses for physical multi-factor authentication, automated mule account databases, server-based fraudulent transactions, and attempted transfers to mule business accounts as high as €100,000 ($130,000 USD). Where Europe has been the primary target for this and other financial fraud rings in the past, our research found the thefts spreading outside Europe, including the United States and Colombia.
Executive Summary
McAfee and Guardian Analytics have uncovered a highly sophisticated, global financial services fraud campaign that has reached the American banking system. As this research study goes to press, we are working actively with international law enforcement organizations to shut down these attacks.
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