McAfee Alert: Cyber attack looms against US Bank customers

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Russian cyber evildoers whose servers are based in Romania are coming closer to launching a major attack against 30 U.S. financial institutions aimed at stealing millions of dollars.

Attacks involving fraudulent transactions and targeting investment and national banks across the U.S. may launch next spring, new data from security firm McAfee show.

“McAfee Labs believes that Project Blitzkrieg is a credible threat to the financial industry and appears to be moving forward as planned,” said Ryan Sherstobitoff, McAfee Labs’ threat researcher.

The scheme, dubbed Project Blitzkrieg, will pull money from major banks and small financial institutions with less developed security protocols like credit unions over a period of time in nearly undetectable amounts, according to the report.

If Project Blitzkrieg goes full scale, it will target an unknown number of consumer accounts across 30 targeted financial institutions, Sherstobitoff said.