Cybercrooks are trying to take advantage of the shift to the Single Euro Payments Area (SEPA) by using trojans to infiltrate company accounts and initiate SEPA credit transfers, according to a Finextra story based on a McAfee report. McAfee cites an attempt to steal 61,000 euros from a German financial institution.
Apparently the cyber criminals are using automated channels that banks offer to distribute SEPA payments. They target just a dozen or so of a bank's customers, and that small number means attacks may go undetected for longer periods.
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See the Finextra story here and the McAfee blog posting here. For more SEPA coverage, see Advent of SEPA Will Expose Data Glitches.
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