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Online Banking Scam Robs Europeans of $47 Mln (Network World)

Commercial and retail customers were targeted by 'Eurograbber.'

An online banking scam that uses a virus to compromise banking customers’ security credentials and wire money from their accounts has stolen $47 million from 30,000 customers at 30 banks in Germany, Holland, Italy and Spain, according to Network World. The scam was reported by two security vendors, Check Point Software Technologies and Versafe, who dubbed it “Eurograbber.”

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