McAfee warns of cyber threat to 30 US banks

Computer security firm McAfee Labs has warned that 30 US banks face a major fraud attack by hackers in the New Year, which could result in the loss of millions of dollars.

Computer security firm McAfee Labs has warned that 30 US banks face a major fraud attack by hackers in the New Year, which could result in the loss of millions of dollars.

 
McAfee claims that hackers have developed software called Project Blitzkrieg, which it said has been in the works since 2008 and has already stolen $5 million, but the US has only recently come on the radar for these kinds of attacks.
 
The report shows that there have already been up to 500 victims in the US in the past few months, but it predicts that the real efforts won't materialise until Spring of 2013.
 
mcafee blitzkrieg McAfee warns of cyber threat to 30 US banks
Attacks recorded in the US in recent months
 
The software is designed to utilise the protocols banks use to protect against attacks, intercepting tracking emails that flag suspicious activity and mimicking genuine transactions. Large transactions are expected to be targeted in efforts to slip under the radar, as discrepancies are likely to appear less significant on those than on smaller amounts.
 
US banks have already come under attack recently, with Bank of America and JPMorgan Chase suffering from Distributed Denial of Service (DdoS) attacks in September. However, these attacks that are just on the horizon are likely to be the largest ever seen in the US banking sector.
 
The American Bankers Association said that banks are aware of the threat.
 
Image Credit: McAfee