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Banks across Europe are now coping with a wave of cybercrime in which crooks are transferring funds out of customer accounts through a scam involving bypassing some two-factor authentication systems to steal large sums, according to a security firm assisting in the investigation.
Fake apps dressed up to look like official ones but actually designed to steal user data are increasingly targeting Android phone users, according to a study by Trend Micro.
There is yet another reason to be wary of spam email about bank transfers or invoices -- it could be carrying a new, cleverly designed malware program that steals financial information.
In what is considered to be a natural evolution of tactics used by cybercriminals to infiltrate corporate networks, security firm Trend Micro has new evidence that more botnets and malware are being not only hosted in the cloud, but controlled remotely from cloud servers.
Customers of storage and networking equipment manufacturer Buffalo who downloaded certain files from the company's website in Japan last week might have had their computers infected with an online banking Trojan.
They're security myths, oft-repeated and generally accepted notions about IT security that ... simply aren't true. As we did a year ago, we've asked security professionals to share their favorite "security myths" with us. Here are 13 of them.
One can only hope that security software provider Trend Micro saw a nice sales boost after the proclamation of its chairman earlier this week that Android phones are more vulnerable to hacking than iPhones are. If it didn't, those blatantly self-serving statements were made for nothing.
It's become an all-too-common scam: A legitimate Web site pops up a window that looks just like a real security warning. It says there's something wrong with the computer, and click here to fix it. A few clicks later, the victim is paying out US$40 for some bogus software, called rogue antivirus.
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