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Zitmo Trojan Variant Eurograbber Beats Two-Factor Authentication to Steal Millions

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Online banking customers in Europe are falling victim by the thousands to a new banking Trojan that is infecting Android and BlackBerry devices and is capable of defeating two-factor authentication.

The Trojan, dubbed Eurograbber by researchers at Check Point Software Technologies and Verasafe, is a variant of the Zitmo Trojan. Zitmo, or Zeus-In-The-Mobile, has not moved outside Europe, but could eventually target customers in the United States, for example, as more banks require a second form of authentication for access to their online accounts.