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F-Secure releases anti-hacker Banking Protection tool

13 Nov 2012
malware virus security threat

Finnish security firm F-Secure released its new Banking Protection service, aiming to protect users' financial details from hackers.

F-Secure revealed the new service as an addition to the company's existing Internet Security 2013 antivirus and works by blocking any connections that could potentially compromise the device while banking online.

The service is reportedly compatible with "most common browsers" and doesn't require users to install extra software or apps.

F-Secure security chief Mikko Hypponen said the release is a reaction to the influx of new automated exploit kits, like Blackhole, that let non tech-savvy criminals mount automated cyber campaigns.

"The world of cybercrime is a well-orchestrated industry," said Hypponen.

"Criminals without technical know-how can easily purchase malware toolkits designed to steal money from online bank accounts. It's easier than ever. It's malware-as-a-service."

F-Secure security researcher Sean Sullivan added to Hypponen's comments by highlighting the ongoing success of the Zeus banking Trojan as further evidence of the problem automated exploit kits pose.

"I think the nearly 700,000 strong peer-to-peer ‘Gameover' version of Zeus is cause enough to have developed our additional layer of security. And Gameover isn't even the most prevalent version of Zeus (although it well may be the most financially successful)," said Sullivan.

Gameover is a variant of the Zeus banking Trojan. Zeus is one of the most common banking trojans and is bespoke designed to steal users financial details. 

The malware is mainly spread as a drive-by-download that infects users machines when they visit an infected web page.

"It isn't just enough to trust you are properly connected to your bank, we think our customers will feel better knowing that unknown connections (men-in-the-middle) are blocked while they do their banking."

Zeus is one of many banking trojans known to be used by cyber criminals. Earlier in October a new version of the infamous Citadel Trojan was also discovered operating in the wild.

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Alastair Stevenson

Alastair has worked as a reporter covering security and mobile issues at V3 since March 2012. Before entering the field of journalism Alastair had worked in numerous industries as both a freelance copy writer and artist.

View Alastair's Google+ profile

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