“Project Blitzkrieg,” a brazen Underweb plan for hiring 100 botmasters to fuel a blaze of ebanking heists against 30 U.S. financial institutions in the Spring of 2013, was met with skepticism from some in the security community after news of the scheme came to light in October. Many assumed it was a law enforcement sting, or merely the ramblings of a wannabe criminal mastermind. But new research suggests the crooks who hatched the plan were serious and have painstakingly built up a formidable crime machine in preparation for the project.
Last week, security firm RSA detailed a new cybecriminal project aimed at recruiting 100 botmasters to help launch a series of lucrative online heists targeting 30 U.S. banks. RSA’s advisory focused primarily on helping financial institutions prepare for an onslaught of more sophisticated e-banking attacks, and has already received plenty of media attention. I’m weighing in on the topic because their analysis seemed to merely scratch the surface of a larger enterprise that speaks volumes about why online attacks are becoming bolder and more brash toward Western targets.