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.