Five Arrested in Zeus, SpyEye Group Takedown

Authorities in six different countries worked together last week to take down a cybercrime ring which ultimately infected tens of thousands of computers with Zeus and SpyEye malware and made off with roughly $2.25 M dollars from banks in the process.

A recent fraud ring through which attackers raided high-value bank accounts, nicknamed Operation High Roller (.PDF), employed attacks that were quick, required no human interaction and have already affected several tiers of credit unions, regional banks and large global banks, over the last several months.

Researchers at security firm Trusteer claim a new version of the SpyEye Trojan horse program that targets mobile banking users with Android mobile phones and intercepts SMS text messages to and from the phone. However, significant obstacles may prevent it from spreading.

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