The defences of Japanese banks and financial institutions are being put under a serious test these days by a new banking Trojan created from a mix of previously detected malware. According to the IBM Security X-Force staff, the first signs of this new banking Trojan appeared in April this year and was discovered by IBM Red Cell, a security task force working specifically within the financial sector.
This new Trojan was codenamed Shifu, the Japanese word for thief. Since its first sighting, Shifu has been seen targeting banks and financial institutes in Japan, Austria, Germany, and other European countries. Currently, IBM is detecting a Shifu campaign against 14 Japanese banks.
View full story
