Online Banking Insurance Fraud Scam

Trusteer reports that cybercriminals are targeting consumers in a fake insurance scam. Victims infected with the Tatanga malware receive an offer, purportedly from their bank and via a web browser injection, for insurance that would protect them against losses due to online banking fraud. To activate the insurance account, the victim must authorize the transaction by entering the one-time password sent by the bank via SMS to his or her mobile device; however, the victim is actually authorizing a fund transfer to a money mule account. For bank accounts with a balance is between $1,300 and $6,500, the cyber thieves will steal the entire amount, but they will not exceed $6,500. Read more.