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Security

Banking Fraud Campaign Steals 500k Euros In a Week 35

An anonymous reader writes The experts at Kaspersky Lab have discovered evidence of a targeted attack against the clients of a large European bank. According to the logs found in the server used by the attackers, apparently in the space of just one week cybercriminals stole more than half a million euros from accounts in the bank. The experts also detected transaction logs on the server, containing information about which sums of money were taken from which accounts. All in all, more than 190 victims could be identified, most of them located in Italy and Turkey. The sums stolen from each bank account, according to the logs, ranged between 1,700 to 39,000 euros.

Comment Sounds reasonable (Score 5, Informative) 210

It's a bit immature for people to be blindly making fun of this. At the risk of RTFA:

An unclassified memo from January unearthed by Bitcoin Magazine detailed solicitations for CTTSO projects. The memo states that one of the mission requirements is for "innovative...solutions to develop and/or enhance new concepts and constructs for understanding the role of virtual currencies" in financing threats against the United States.

The memo said the blurring of national lines is facilitating the transfer of virtual currencies: "The introduction of virtual currency will likely shape threat finance by increasing the opaqueness, transactional velocity, and overall efficiencies of terrorist attacks," it stated.

This sounds like a perfectly valid thing for someone to think about, and consider the implications of. Honestly, whatever your business (or governmental responsibility), if you aren't thinking about the impact of crypto-currency, you might be being negligent.

Comment Responsibilty lies with the politicians (Score 1) 238

Why do people don't get this more? The NSA/Military are (for the most part) carrying out the policies and directives set by their civilian over-seers.

Michael Hayden actually expressed this very clearly:

Former NSA Director Michael Hayden exemplifies this in a quote from late July: âoeGive me the box you will allow me to operate in. Iâ(TM)m going to play to the very edges of that box.â

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