New Banking Trojan Attacking Users of Corporate Banking Services

Security researchers at SecureWorks have discovered a new trojan malware family designed to infect the computers of business finance professionals, and steal money from corporate bank accounts when they log into those accounts over the Internet.

They have dubbed the new malicious software “Bugat”.

This appears to be a different strain than the Zeus banking trojan that has been used by cyber criminals to steal tens of millions of dollars from corporate bank accounts over the last several months.

Bugat uses an SSL encrypted communication link to send stolen passwords and cookies over the Internet to command & control servers operated by cyber criminals.

The malware uses a list of “websites of interest”, and when a user logs into one of those websites, it starts collecting information. Many of the targeted websites are business banking and wire transfer sites.

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