'Eurograbber' online banking scam netted $47 million

This cybercrime operation compromised mobile device transaction authentication numbers via SMS. It’s basically a man-in-the-middle attack against a bank site. Eurograbber typically worked by tricking victims into downloading a customized variant of the Zeus Trojan, which then took control of their computers and intercepted online banking sessions. Gettinginfected with the Eurograbber Trojan could occur during Internet browsing or after falling for a phishing email. It hit both commercial accounts as well as individual consumers at about 30 European banks. http://alrt.co/RYngNW

Takeaway: Eurograbber mobile Trojans have been created for Android, BlackBerry and Symbian as well as for jail-broken iPhones, in which the Apple iOS security controls have been disabled. Although so far Eurograbber does not seem to have been used as anonline banking attack outside of Europe, there’s no reason it couldn’t happen in the US or rest of the world.