Pulse.com.gh logo
Go


Cyber fraud Online attackers steal £20m from UK bank accounts

The NCA said it was working with the FBI and other authorities to limit the malware's usefulness to criminals and one man had already been arrested.

  • Published:

The UK's National Crime Agency is hunting cyber-attackers who stole more than £20m from British bank accounts.

Malware called Dridex harvested victims' online banking details so the attackers could siphon off funds.

The NCA said it was working with the FBI and other authorities to limit the malware's usefulness to criminals and one man had already been arrested.

One expert told the BBC the attackers had been particularly cunning to avoid being detected.

"This is very sneaky software that relied on people not being vigilant with their online banking," said Prof Alan Woodward, a cybersecurity expert who advises Europol.

"If you imagine thieves making lots of little transactions, rather than one big one, it is more likely to go unnoticed."
How did Dridex work?

The Dridex Trojan infected computers through a malicious Microsoft Office document, typically disguised as an invoice and emailed to victims

The malware relied on tricking people into installing it on their machines, rather than exploiting a security hole in the operating system.

It would then eavesdrop on people entering their bank account details and send the information back to the attackers.

"Banks have software running constantly in the background looking for suspicious transactions, but criminals are adopting patterns that are not flagged up," said Prof Woodward.

"With thousands of computers infected, they only need to take a small amount from each bank account and suddenly they've got millions."

What is being done about it?

The NCA said it was trying to "sinkhole" the Trojan - working with internet service providers to divert the software's attempts to "phone home" with stolen bank account details.

The US Department of Justice said on Tuesday that a Moldovan man, Andrey Ghinkul, had been arrested in Cyprus in August and the United States was seeking his extradition.

The FBI encouraged people to use anti-virus software to help protect their computers.

"All the usual advice applies," said Prof Woodward. "Don't open unexpected email attachments, even if they appear to be from the bank.

"And check your bank statement for suspicious transactions. Query anything you don't understand, even if it's a small amount, as criminals may be taking a small amount from millions of other people."

Credit: BBC

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Ponzi schemes in Ghana These investments are Ponzi schemes in Ghana, so...bullet
2 How to make money online Online jobs; how to make money on YouTube in...bullet
3 Investment banks in Ghana Top 5 investment banks in Ghana and why...bullet
4 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions...bullet
5 Donor Support World Bank injects $60m into Ghana’s energy,...bullet
6 Menzgold Ghana Investment company closes down its Gold Vault...bullet
7 Salaries In 2018 Here are the dates public workers will be...bullet
8 Education Top 5 private high schools in Ghana according to...bullet
9 Number 12 Panic withdrawals hit savings & loans company...bullet
10 Mutual funds in Ghana Top 5 mutual funds in Ghanabullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Tech 6 reasons you should buy an iPhone SE instead of any of the fancy...bullet
3 Money Alert Meet Africa's richest womanbullet
4 Plane Crash Starbow suspends operations following plane crashbullet
5 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
6 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
7 Support Finance minister buys Kantanka carbullet
8 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
9 New Phones Nokia MWC 2018 Event in 5 minutesbullet
10 Bozoma Saint John 10 quotes from Uber top official,...bullet

Business