Banks warned of sophisticated new online scam



Antone Gonsalves at NetworkWorld got this story first. Here is how the scam works, so do not fall for it. You can recognize it by the grammar and spelling mistakes.



"The cyber-criminals are taking advantage of the text messaging German banks use to authenticate an online transaction. When a person transfers funds, the bank first sends a transaction authorization number (TAN) to the customer's mobile phone. That number has to be typed into a web form before the transfer is completed. U.S. banks use similar authentication for some transactions.



When a victim logs into his banks' site, the malware displays a screen saying the bank is performing a security check and asks that at a TAN be punched into a form on the page. Behind the scene, the Trojan checks the victim's accounts for the one with the most money and then requests a TAN from the bank, so the money can be transferred to the hackers' account". 
 
 



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