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Cyber attacks against online banking in the EU is on the rise (Photo: European Commission)

EU online banking increasingly hit by cyber attacks

The number of cyber attacks targeting online banking in the EU in the past year has increased dramatically compared to 2010, Microsoft said on Thursday (31 May).

Tim Rains, director of Microsoft's "trustworthy" computing division, said the Netherlands and Germany are under constant attack from an online banking trojan called EyeStye. "It is now one of the number one threats," said Rains.

The parasite is able to bypass anti-virus software and lurk undetected for long periods. The ...

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

Cyber attacks against online banking in the EU is on the rise (Photo: European Commission)

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

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