Zeus botnet steals $47M from European bank customers

New variant dubbed 'Eurograbber' intercepts bank text messages sent to mobile phones to defeat two-factor authentication process.

A new version of the Zeus botnet was used to steal about $47 million from European banking customers in the past year, security researchers report.

Dubbed "Eurograbber" by security vendors Versafe and Check Point Software Technologies in a report (PDF) released today, the malware is designed to defeat the two-factor authentication process banks use for transactions by intercepting bank messages sent to victims' phones.

A variant of the Zeus malware used to steal more than $100 million, Eurograbber typically... Read more at CNET News



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