Spyware worm leads to identity theft fears

Shoppers are being told that the only way they can stop identity theft when shopping online is by taking more time and effort over transactions.

The warning follows the news of a new Spyware Trojan which drains the bank accounts of online users.

The worm, found by Webroot, lies dormant on the PC and works by analysing the keystrokes being entered by the user. As soon as it recognizes a bank or building society URL, it begins to log any detailed keyed-in. This not only allows fraudsters to drain funds from the account but according APACS, the UK payments association, can also be used as a way for them to use details to shop online. Spyware worm leads to identity theft fears - Computeract!ve

Linked by shanmuga Wednesday, 6th December 2006 11:32PM