U.S Internet security firm Symantec has uncovered a new banking Trojan which steals customer data from over 400 banks worldwide.
Trojan.Silentbanker intercepts account information before it is encrypted, redirects traffic to phishing Websites, and even alters transactions to send money to the attacker’s bank account. It redirects financial transactions without the customer’s knowledge.
Worryingly, the Trojan is able to circumvent two-factor authentication systems, where an online banking user is required to use a hardware security device as well as enter password information.
“The scale and sophistication of this emerging banking Trojan is worrying, even for someone who sees them on a daily basis,” wrote Symantec researcher Liam O’Murchu in a company blog.
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