Hendren Global Group Top Facts: Malware, fake bank representative scam $1m

A sophisticated bank scam that uses a combination of the Dyre malware, phishing tactics and fake bank representatives has been uncovered by IBM researchers.

IBM's Security Group has released information about a new variant of Dyre malware, initially uncovered last year, dubbed as "Dyre Wolf" that targets large companies and organizations. It basically social engineers employees into handing over their personal banking data from which the scammers will arrange a large wire transfer.