http://www.theregister.co.uk/2013/08/21/cyberheist_ddos_smokescreen/
By John Leyden
The Register
21st August 2013
Cybercrooks are running distributed denial of service attacks as a
smokescreen to distract bank security staff while they plunder online
banking systems, according to a researcher.
Avivah Litan, vice president at Gartner Research, reports that cyber
criminals looking to attack financial institutions are getting more
ambitious by targeting the internal wire applications of entire banks,
instead of individual accounts, and covering their tracks using
simultaneous denial of service attacks against bank systems as a
distraction.
Fraudulent money transfers have traditionally been pulled off by taking
over a mark's bank account and moving money into accounts of “money
mules”. The stolen cash is then passed around between mules until it ends
up in the accounts of the cyber criminals. However, Litan says that the
latest evolution of these attacks uses DDoSes as a cover for much more
damaging attacks:
[...]
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