Trend Micro is helping law enforcement in Europe with combatting a wave of cybercrime in which crooks are transferring funds out of customer accounts through a scam involving bypassing some two-factor authentication systems. The amount of money thats been fraudulently whisked out of both consumer and commercial bank accounts appears to be running in the millions. So far, the crimes are being traced to Romania and Russia. The attack typically works by sending an e-mail to intended victims in their local language, pretending to be a retailer in Germany or Switzerland, for example.”]
Source: https://www.csoonline.com/article/2456031/cybercrime-wave-whacks-european-banks.html