If you keep any interest in the world of virus, malware and trojans, chances are that you might have heard about the family of Zeus Trojans and the misdeeds dome by them. They are one of the most lethal financial scams, having already hurt thousands of innocent computer users all over the world.
But if you are thinking that they are the only financial malware, then please re-think. There is whole set of such financial malware and viruses, all searching for new victims with latest tricks and tactics up their sleeves.
Bugat is one such trojan, which has recently been discovered to be capable of stealing your financial passwords and passing them to the controllers of their central command.
Well known organization Trusteer, who recently discovered the tactics used by Bugat malware, goes on to say…
Bugat is similar in functionality to its better known financial malware brethren Zeus, Clampi and Gozi. It targets Internet Explorer and Firefox browsers and harvests information during online banking sessions. The stolen financial credentials are used to commit fraudulent Automated Clearing House (ACH) and wire transfer transactions mostly against small to midsized businesses, which result in high-value losses. Bugat is three times more common in the US than Europe, but its distribution is still fairly low.
“We are in an arms race with criminals. Although Zeus gets a lot of attention from law enforcement, banks and the security industry, we need to be vigilant against new forms of financial malware like Bugat and SpyEye which are just as deadly and quietly expanding their footprint across the internet,” commented Trusteer CEO, Mickey Boodaei.
This is yet another example of how cyber criminals are increasingly dominating the battle of supremacy over the security agencies and vendors. In this state, the only option for ensuring your PC Security and privacy is to be vigilant, careful and exercise retrain in your online behavior. Remember, no security tool, howsoever pricey or advanced, can save you, unless you are careful and vigilant to detect the cyber threats.