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The Dyre Wolf used to steal more than $1 million in past month

Tuesday, April 07, 2015
Steve Atkinson

The Dyre Wolf malware has been used to steal more than $1 million from businesses within the past month.

IBM Security recently warned banks and their commercial customers that hackers are using a variant of Dyre, christened "The Dyre Wolf," to attack online banking systems. The malware attacks, which begin with sophisticated phishing schemes, have successfully circumvented dual-factor authentication and evaded most anti-virus detection systems.

Dyre Wolf malware uses sophisticated Phishing and social engineering together in some cases with coordinated DDOS attacks.