Hackers Targeting Online Banking On Cyber Monday

Reported by: Samantha Boatman
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Updated: 12/02/2013 12:03 pm
RENO, NEV. (KRNV & MyNews4.com)--Millions of online purchases will be made on Cyber Monday, but a local expert recommends thinking twice before accessing your online banking.

Ira Victor, Director of Digital Forensics Practice at Data Clone Labs says just recently, cyber criminals have been able to essentially hijack your computer and be in control after you log into your online banking account.

"Most people will think, what's the risk? I'm not the Federal Government, I'm not a big target, why would they want to go after me? The cyber criminals laugh all the way to the bank stealing your money," says Victor.

Victor also says the cyber criminals can essentially drain your savings account without you even knowing it, or alerting the bank. He says the hackers are able to access your network, so it's really not a red flag to a bank. He says they can also change what you see on your screen, so you think you're in the clear. He says here locally, he says there have been cases where people didn't know their accounts had been drained until they received their monthly statement. At that point, he says it's too late.

"You're money is gone with a capital G, and this can happen even if you go online to check your account," says Victor.

He recommends doing all of your banking over the phone or in-person, or getting a hardened computer system.
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Ira Victor - 12/2/2013 5:38 PM
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This is Ira Victor: As you know, time is limited on a TV news segment. By hardened system, I mean a system that restricts the attackers ability to "own" the computers, or the network making the connection to the bank. Here is one way: Run a liveCD using DODs Lightweight Portable Security (http://ow.ly/rnWT6); upgrade the network to a non-consumer firewall; + don't use the ISPs DNS. You can hire an datasecurity pro for setup, learn infosec/risk assessment, or don't use online/mobile banking, EVEN TO CHECK YOUR BALANCE. Remember, this is about reasonable risk reduction. Your banks/stockbrokers haven't announced that the courts say that the user shares the burden of datasecurity when using online services, and they probably won't. Most data breaches go unreported. Most web app flaws are unknown by the victims for years. What you don't know, can hurt you. Regarding Steve Gibson: locking ports will not stop bank take over attacks, nor will anti-virus, or only going to reputable web sites, or only opening email from senders you know. While not harmful to follow, the attackers know how to by-pass those outdated, but common, mitigation attempts. Those techniques are good for protection from some low-level attacks, but not the latest bank takeover attacks. Want to learn more? Visit iravictor.net

fastd - 12/2/2013 4:38 PM
0 Votes
The easiest answer I can give you is to go to the Steve Gibson website.He offers explanations and free tests you can run on your system to check your vulnerability.He discovered and coined the phrase spyware and is one of the experts in the field. https://www.grc.com/intro.htm locking your ports down and using safe browsing habits are the best things you can do.

retired51 - 12/2/2013 4:10 PM
0 Votes
So what does he mean by a "Hardened computer system" ?
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