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Hackers steal £675k from online bank accounts

A banking trojan has stolen around £675,000 from 3,000 UK bank accounts, it has been revealed.

The zeus v3 virus has only affected customers who bank online at one financial institution which is yet to be named.

It records the user's login, password and bank account details before transferring funds out of the customer's account.

The software will check the account contains more than £800 before withdrawing between £1,000 and £3,000 and then displaying a fake balance to ensure consumers are not alerted to the theft.

US internet firm M86 Security discovered the scam when it logged into the cyber criminal's main server, which is based in Eastern Europe. .

Bradley Anstis, vice president of technical strategy at M86, told The Times: "This is an extremely sophisticated version of the virus and it cannot be detected by traditional security software".

UK consumers can be infected with the virus while browsing legitimate websites. The virus then lies dormant on the computer until the user opens up an online banking website.

Posted by Charles Baker

Charles is a reputed financial analyst with almost decades of experience under his belt. ADNFCR-2776-ID-800022004-ADNFCR

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