Researchers earlier this month discovered a new, state-of-the-art computer virus had targeted Lebanese banks, PayPal and CitiBank.
According to Bank Systems & Technology, the so-called Gauss virus represents an escalation in the weapons race between finance criminals and security experts.
A year and a half ago fraudsters started figuring out how to overtake browser-hardening technologies. Then a year ago they learned how to ride in on a customer’s session during login to bypass complex device device authentication methods. The appearance of a sophisticated malware virus aimed at gathering banking credentials that was possibly developed, like Stuxnet, by a state-sponsored lab signals a new step up in that arms race.
If, perchance, you’re an expert in cryptology, the folks fighting against Gauss could use your help.
Regular, non-cryptology experts may want to just use cash for the next, say, 20 years or so.