Huge attack hits 30,000 accounts in Germany, Italy and Spain

By John E Dunn | Techworld | Published: 16:11, 05 December 2012

A devastating Zeus Trojan attack was able to break the supposedly impregnable SMS authentication used by a clutch of European banks, stealing €36 million (30 million) from tens of thousands of customers, security firm Check Point has revealed.

Dubbed ‘Eurograbber’, the attack on 30 unidentified banks across Italy, Spain, Germany, and The Netherlands happened over a period between August and mid-October of this year, eventually affecting 30,000 consumer and business accounts.

During the attack, the gang was able to initiate transfers ranging from €500 to €250,000 using mule accounts, the company said.

Eurograbber SMS Trojan steals