Monday, 13 August 2012

Gauss Virus Targets Banking System May Cause US Financial Collapse

'Kaspersky Lab, a Moscow-based computer security firm has found a new cyber surveillance virus that has been spying on banking transactions, stealing login information for social networks, email and instant messaging in the Middle East – specifically targeting Lebanon’s BlomBank, ByblosBank and Credit Libanais. And infected computers also include CitiGroup Inc.’s Citibank and eBay’s PayPal online payment system.

This virus’ focus on online banking makes it a potential threat to banking systems worldwide. Researchers are still trying to determine if this virus is simply conducting surveillance on banking transactions, or if it is being used to steal money out of targeted accounts.

Being called Gauss by the Kaspersky Lab, who confirmed that the new virus is related to Stuxnet, Flame and Duqu, yet a more sophisticated, state-sponsored cyber-espionage tool.'

Read more: Gauss Virus Targets Banking System May Cause US Financial Collapse