New net banking scam

Friday, 9 January 2004, 9:55 AM EST

Customers of the nation's five leading banks are unwittingly being siphoned of their savings online, after logging on to official internet banking websites.

Federal police are investigating the latest international banking scam involving the use of online "trojans" to steal personal account details via computers, which don't have anti-virus protection.

The perpetrators, believed to be working out of Russia and Latvia, recruit other local account holders to accept and transfer the funds in exchange for a cut of the proceeds.

Customers of the National, Commonwealth, ANZ, Westpac and St George have all fallen prey to the scam when using computers without updated anti-virus firewalls.

These computers have been located at home, in libraries and internet cafes.

By Jennifer Sexton at News.com.au

[ Read more ]




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