PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

How do you say “I’ve Been Robbed” in German?

By Tim Sloane
January 8, 2015
in Analysts Coverage
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
voice technology

Business strategy plan over ladder leading to success

This article in PC World identifies a new virus called Emotetthat recognizes German banking credentials. To be honest, I was unaware that viruses had not yet infected Germany,but then all good things must eventually come to an end.

“Microsoft says Germanspeakers are being targeted by a new variant of a powerful type of malware thatsteals online banking credentials.

The malware, called Emotet,was spotted around last June by security vendors. It is notable for its abilityto sniff out credentials sent over encrypted HTTPS connections by tapping intoeight network APIs, according to a writeup from Trend Micro from last year.

Microsoft has been observinga new variant, Trojan:Win32/Emotet.C, which was sent out as part of a spamcampaign that peaked in November targeting mostly German-speaking users, wroteHeungSoo Kang of Microsoft’s Malware Protection Center.”

The virus disguises itself in a variety of clever guises inan effort to promote users to click on it. Once clicked, it then uses stolen information to spread its venom whilewaiting to pounce on any banking credentials it can sniff out:

“Thespam messages try to gain the attention of potential victims by purporting tobe some sort of claim, a phone bill, an invoice from a bank or a message fromPayPal.

Spammessages containing Emotet can be tricky to filter because the messagesoriginate from real email accounts, Kang wrote. One technique to stop spammessages is to reject messages that come from bogus accounts by checking if theaccount really exists.

Emotetcomes with a list of banks and services it is designed to steal credentialsfrom. It will also pull credentials from a variety of email programs, includingversions of Microsoft’s Outlook, Mozilla’s Thunderbird and instant messagingprograms such as Yahoo Messenger and Windows Live Messenger

.

Thestolen information is sent back to Emotet’s “command and control (C&C)server where it is used by other components to send spam emails to spread thethreat,” Kang wrote.”

I’m actually positive that Germans have already beenvictimized by similar viruses, but I guess this is a strong reminder to all ofus not to click on links we are unsure of.


Overview by Tim Sloane, VP of Payments Innovation for Mercator Advisory Group

Read full story in PC World

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: Fraud Risk and Analytics

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    ai phishing

    The Fraud Epidemic Is Testing the Limits of Cybersecurity

    February 6, 2026
    stablecoins b2b payments

    Stablecoins and the Future of B2B Payments: Faster, Cheaper, Better

    February 5, 2026
    Payment Facilitator

    The Payment Facilitator Model as a Growth Strategy for ISVs

    February 4, 2026
    Simplifying Payment Processing? Payment Orchestration Can Help , multi-acquiring merchants

    Multi-Acquiring Is the New Standard—Are Merchants Ready?

    February 3, 2026
    ACH Network, credit-push fraud, ACH payments growth

    What’s Driving the Rapid Growth in ACH Payments

    February 2, 2026
    chatgpt payments

    How Merchants Should Navigate the Rise of Agentic AI

    January 30, 2026
    fraud passkey

    Why the Future of Financial Fraud Prevention Is Passwordless

    January 29, 2026
    payments AI

    When Can Payments Trust AI?

    January 28, 2026

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result