UK Hails First Cybercrime Cooperation With Banks

UK police are hailing the sentencing of four people who used a Trojan horse program to siphon money out of online bank accounts. Jeremy Kirk, IDG News Service
U.K. police are hailing the sentencing of four people who used a sophisticated Trojan horse program to siphon money out of online bank accounts and send it to Eastern European countries and Russia.

The case marks the first collaboration between the financial industry and the Police Central e-Crime Unit (PCeU), which was established earlier this year after accusations the U.K. government wasn't doing enough about cybercrime.

The men used a Trojan horse program called PSP2-BBB that executed a so-called man-in-the-browser attack when potential victims logged into online bank accounts. The Trojan would insert a special page within the customer's browsing session asking for more personal information, according to police. The Trojan would then set up a transfer to another account, according to police. PC World