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Cybercriminals build massive banking fraud system in the cloud

Cybercriminals built a cloud-based fraud system that targeted wealthy people and commercial accounts. The ring targeted accounts with an average of $300,000 to $600,000, and attempted to transfer as much as $130,000. The fraudsters used common Zeus and SpyEye malware platforms as the base of the malicious code. “We have not seen this level of sophistication before,” McAfee Labs official says. McAfee is working with law enforcement agencies to shut down the fraudsters.”]

Source: https://www.csoonline.com/article/2131885/cybercriminals-build-massive-banking-fraud-system-in-the-cloud.html

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