PC World is reporting that a sophisticated Trojan, Prg Banking, is transferring hundreds of thousands of dollars out of unsuspecting banks in the UK and US. Using very convincing phishing e-mails, the German speaking hackers would trick individuals in downloading the the trojan.

“They’ll usually have the bank account number, and the first and last name of its owner,” said Jackson, as well as security details, such as whether the account is protected by a one-time password. “The e-mail will claim that the user needs to download a new one-time password or soft token, but when the user clicks on the link and reaches the phish site, the Prg Trojan is downloaded instead.”

When ever you receive any type of email message from a financial institution, always go to the main page by typing in it’s URL (address) directly in your web browser and checking your account from there. If in doubt, call your institution. It is never a good idea to click links in an email message when pertaining to your finances.

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