Wednesday, February 08, 2006

Sleeper Bugs used to Steal 1million in France

Russian thieves have stolen more than €1m (£680,000) from personal bank accounts in France using "sleeper bugs" to infect computers. French authorities claim the thieves can take control of and empty a bank account in seconds. In one hit, a bank customer lost €40,000.

Police say the virus is embedded in emails or websites and remains dormant until the user contacts their bank online. When that happens, the bug becomes active and records passwords and bank codes which are then forwarded to the thieves. They then use the information to check the victim has money in the bank before transferring funds to the accounts of third parties, known as mules, who may have agreed to allow money to pass through their accounts in return for a commission of between 5% and 10%.

Police claim this is set up through fictitious companies, including one American firm named World Transfer, although the mules could be unaware that their computers are being used for theft.

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