WASHINGTON - (03/15/06) Move over phishing andpharming, a new malicious threat is emerging for online bankingcustomers, according to law enforcement and financial authorities.Brazilian police said they recently busted a ring of cyber-thieveswho used keylogging programs that silently mimic the keystrokes ofpersonal computer users and send the information to online crooks.The program, which is hidden inside other software known as Trojanhorses, is used to obtain personal account and PIN information fromunsuspecting online consumers. In many cases, a keylogger willsimply wait for certain web sites to be visited, like a bankingsite, or a credit card account online or for certain keywords to beentered, like SSN, then spring into life. Police inBrazil said they arrested 55 people last month they believe usedkeylogging programs to steal about $4.7 million from 200 accountsat six Brazilian banks. A similar ring, broken up by Russianauthorities last month, used keylogging Trojans planted in emailmessages and hidden in web sites to steal more than one millioneuros from accounts in French banks.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3 -
The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
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