Personal Finance News Wednesday 6/5

Phil's Personal Finance Tip of the Day:

Malware That Drains Your Bank Account Thriving On Facebook

By NICOLE PERLROTH | New York Times 

In case you needed further evidence that the White Hats are losing the war on cybercrime, a six-year-old so-called Trojan horse program that drains bank accounts is alive and well on Facebook.

Zeus is a particularly nasty Trojan horse that has infected millions of computers, most of them in the United States. Once Zeus has compromised a computer, it stays dormant until a victim logs into a bank site, and then it steals the victim’s passwords and drains the victim’s accounts. In some cases, it can even replace a bank’s Web site with its own page, in order to get even more information– such as a Social Security number– that can be sold on the black market.

The Trojan, which was first detected in 2007, is only getting more active. According to researchers at the security firm Trend Micro, incidents of Zeus have risen steadily this year and peaked in May. Eric Feinberg, founder of the advocacy group Fans Against Kounterfeit Enterprise (FAKE), has noticed an uptick in Zeus-serving malicious links on popular N.F.L. Facebook fan pages such as one created by a group called “Bring the N.F.L. To Los Angeles.”

To read the entire article from NICOLE PERLROTH | New York Times:
http://finance.yahoo.com/news/malware-drains-bank-account-thriving-004702493.html


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Hi my name is Philip J. Miano and I am the founder of PJM Personal Finance and Productivity Coaching specializing in Budgeting, Debt Reduction, Bank Reconciliations, Goal Setting, Time Management, and Organizational skills. Please visit my website: http://pjmcoaching.com.