Cybercriminals Target SEPA Migration (Finextra)

McAfee says scammers aim to initiate Sepa credit transfers to mules in EU.

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.

 

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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