Zeus-SpyEye ATS module masks online Banking Theft
Automated attack bypasses two-factor authentication
Jun 18, 2012 - "A newly discovered online banking fraud tool cheats two-factor authentication, automates the attack, and hides out so that victims can't see losses or traces of the theft until long after the money is gone. Security researchers at Trend Micro during the past few months have studied a dangerous new module for Zeus and SpyEye that automatically withdraws funds from a victim's account without the attacker having to monitor the process, even if it includes strong authentication. So far, the so-called automatic transfer systems (ATS) attacks are targeting banking customers in Europe, namely in Germany, England, and Italy, where two-factor authentication is used via SMS..."
June 21, 2012 - "... it is possible to detect various active ATSs in the wild that based on a common framework used by cybercriminals to conduct automated fraud. Typically the schemes use phishing emails with links to tainted pages, malware attachments or drive-by download attacks from malicious or even compromised legitimate sites..."