View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Cybersecurity
September 14, 2011

New Internet banking Trojan identified

'Shylock' targets UK banks by modifying traffic while an online transit is on, says Trusteer

By CBR Staff Writer

Security company Trusteer has discovered a new Internet banking Trojan targeting the customers of around six UK banks.

The security company, which supplies its Rapport security product to several UK banks, including HSBC, RBS and Santander’s UK operations, said that the malware Trojan attacks by sitting silently on the browser and monitoring online transactions, according to SearchSecurity.

The malware makes use of clever new techniques to avoid detection and removal.

Trusteer has dubbed the malware as ‘Shylock’ — a Shakespearian moneylender in Shakespeare’s Merchant of Venice.

Shylock famously demanded his "pound of flesh" from the protagonist as an alternative to clear an unpaid debt.

Trusteer said that the malware first gets installed in banking customer’s Internet browser. As soon as the Trojan detects an online banking session, it alows a hacker to steal login information, and also modify the traffic between the bank and the customer.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

"Shylock sits in the browser. It can passively monitor the user’s traffic, or it can modify the traffic in transit," said Trusteer CTO Amit Klein.

"For example, if you log into a targeted bank, it can record your login information, it can record the contents of the page returned from the bank’s Web server – such as your bank balance – or it could modify the page before it is rendered on the screen," Klein added.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.