Jack Jew, Secretary of the Department of the US Treasury told the press at a conference called the CNBC Institutional Investor Delivering Alpha (IIDA) that hundreds of cyber-attacks on the financial system (i.e. banks and other monetary institutions) hold,
Lew emphasized that utilities corporations have been victims of cyber-attacks as well and this,
The Treasury Secretary said:
The warning included threats that,
Earlier this month the,
Wall Street and technocratic corporations are decrying a need for,
In 2012, Kaspersky Lab, a Moscow-based computer security firm has found a cyber surveillance virus that was,
...specifically targeting Lebanon's,
...and infected computers also include,
The virus' focus on online banking makes it a potential threat to banking systems worldwide.
Researchers warned that this virus was conducting surveillance on banking transactions and being used to steal money out of targeted accounts. The virus called called Gauss was a new virus; related to Stuxnet, Flame and Duqu, yet a more sophisticated, state-sponsored cyber-espionage tool.
Researchers from the security software manufacturer Symantec Corp, confirm Kaspersky Lab's summation that Gauss is related to previous government-created cyber warfare viruses.
Gauss is capable of being used as a weapon to attack industrial control systems, just like Stuxnet which was used to go after Iran's Natanz nuclear power plant facility in 2010.
Gauss can encrypt programs that are compressed onto a USB drive and decompress them once the virus is able to contact to a targeted computer.
Kapersky Lab stated:
The Department of Homeland Security (DHS) analyzed Gauss' potential threat to the US.
Peter Boogaard, DHS spokesperson commented:
Because of the fiasco in mortgage-backed securities that begun in 2008, the international banks have been propping up the American financial system to stave off a complete monetary collapse in the US.
If the intention is to cause another upset in the global monetary system, Gauss may be the mode in which they are able to carry this out.
Just like during the MF Global scandal where Jon Corzine ordered segregated customer funds to be secretly redirected into accounts in JPMorgan, Gauss could redirect funds from bank accounts to undisclosed places.
Guass, which is an online banking surveillance virus, has the capability of electronically transferring information out of customer accounts to be redirected to another location. The banking industry, who is now threatening the wipe-out of customer accounts, would be dramatically affected by Gauss were this virus to cause every banking customer to become insolvent overnight.
Imagine the call for a banking holiday because Gauss has infected the all domestic financial computer systems. In order to purge the virus, all banks would need to shut down for a specified amount of time in order to reconfigure their computers.
Perhaps on a Friday afternoon, the major banks will all announce that they will shut down to customer activity so they can "get rid of" Gauss from their system.
The banks might say that they will reopen to the public on Monday morning only to find that customer funds were electronically transferred from private checking accounts out to off-shore banks where they could not be touched.
Two years ago, Trusteer, the Israeli-based security firm, discovered a banking virus that will steal funds from customers and cover its tracks in the process.
This new creation from the SpyEye Trojan will,
This Trojan waits patiently for the user to visit their online banking site, copies their login and password, then divulges the personal data surveyed; such as debit/credit card information.
When the user inputs their credit/debit card information in to conduct a purchase, the Trojan will swap web pages and siphon out the funds. According to Truseeter, this is a "post transaction attack".
The cover-up capability of this Trojan is remarkable. It will edit balance amounts, line by line transactions, and all activity that would trigger suspicion by the owner of the account.
In 2011, SpyEye Trojan attacked Android mobile online banking by siphoning out data from the customer to be used by the hacker.
SpyEye also changes while circumventing mobile SMS which is a security measure taken by banks when a customer is conducting online account transactions to certify that the correct user is conducting the business.
SpyEye was victimizing Verizon customers with fake billing pages that require the customer to log in which reveals personal financial data to the virus concerning the user.
This Trojan can deter anti-virus software, jumping over firewalls and sit undetected between the browser and the computer redirecting the user to pages without ever being caught.