“IBM has uncovered a sophisticated fraud scheme run by a well- funded Eastern European gang of cyber criminals that uses a combination of phishing, malware and phone calls that the technology company says has netted more than $1 million from large and medium-sized U.S. companies.
The scheme, which IBM security researchers have dubbed "The Dyre Wolf," is small in comparison with more recent widespread online fraud schemes but represents a new level of sophistication.”
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