ITGS Portfolio :: Frauds in online banking -review of a news article.

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A: PRESENTATION OF THE ISSUE

The Australia and New Zealand Banking Group Limited commonly called ANZ is the fourth largest bank in Australia after the Commonwealth Bank, the National Australia Bank, and Westpac Banking Corporation. [birgitdaube.de]

ANZ is also the largest bank in New Zealand, where the legal entity became known as ANZ in 2004 and where it operates two brands, ANZ and the .

ANZ warned its customers to be careful of a fraudulent portal of a website that is generated by a virus which resides on a user’s computer that generates a form which requests the account holder for personal details.  The problem being faced is as follows: Trojan horses enter as attachments in the inbox of a user but once they are opened, they secretly install programs which cause great danger. The Trojan horse virus plants malicious codes on computers and a keyboard scanner is made use of to record the sequence of the numbers and letters that are typed in.  [theage.com]

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B: IT BACKGROUND OF THE ISSUE

A Trojan is a program that appears to be legitimate but is designed to have destructive effects on the data residing in the computer onto which it is loaded. It is a nonreplicating computer program planted illegally in another program to do damage locally when the software is activated. [ ownee.com]

When a Trojan detects a particular sequence of numbers and letters like the address of a banking website it creates a fake web page in which users enter data and when they ...

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