They use the Man in the Browser (MitB) scheme to steal account holders money
Hackers have started targeting banking institutions by managing to outwit the latest online banking security techniques.
The hackers fool the account holders with an offer of training in a new "upgraded security system" after being logged into the bank’s real site. They later move out the money out of the account holders, without leaving any traces of evidence to the user about the theft, according to the BBC.
This method of victimising users, which has been dubbed the Man in the Browser (MitB), uses malware to manipulate what is seen on the screen or keyed in by the user.
According to a security expert, the Man in the Browser (MitB) is a specifically focused attack against banking systems.
If a malware threat interacts with a web-address that is not listed as bad, it would have no hassles in bypassing the protection barrier.
Account holders have been advised by experts to use up-to-date anti-virus software and be more alert to avoid getting trapped.