ABS Warns of SpyEye Threat

Singapore Banks, Customers Offered 5 Steps for Online Security The Association of Banks in Singapore on Sept. 28 issued a warning about SpyEye attacks aimed at Internet banking users.

The Trojan targets local online banking applications, the association statement says, by attempting to create a fraudulent third-party beneficiary addition to facilitate funds transfers.

Online users who visit infected websites, open infected e-mails or download unknown files are susceptible to attack. The malware also could strike through social networking sites.

Banks in Singapore are increasing their vigilance and monitoring of suspicious online activities, ABS says.

The association also provided a screenshot of what an Internet banking website looks like before and after it has been infected with SpyEye.

The ABS advises users to:

  • Read SMS notifications carefully and not enter any token or one-time passwords for transactions that they did not initiate or request.
  • Install anti-virus software and regularly check for updates.
  • Always type in the bank website's URL manually and verify the website before entering login credentials.
  • Avoid visiting unknown and unsecured websites. Do not open unknown or suspicious attachments.
  • Check bank balances after each online transaction.

SpyEye has been attacking online banking platforms, as well as mobile devices. [See Mobile Security: Your #1 Threat]

About the Author

Jeffrey Roman

Jeffrey Roman

News Writer, ISMG

Roman is the former News Writer for Information Security Media Group. Having worked for multiple publications at The College of New Jersey, including the College's newspaper "The Signal" and alumni magazine, Roman has experience in journalism, copy editing and communications.

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