The success of the Zeus Trojan has led directly to the creation of the ZeusTracker project, and as of a few weeks ago, the SpyEye Tracker project was put into play.
So what’s left to say other than SpyEye is now in our midst…

Now that we agree about the success of the banking Trojans, let’s talk a little bit about one of its primary victims, that being the banks themselves.
A few months ago, the M86 Security Labs team discovered another SpyEye C&C server targeting one of the largest American banks. As part of the internal M86 disclosure policy, we contacted the bank to provide the detailed information we had discovered..

In this particular case of malicious activity, the SpyEye Trojan’s “install base” included more than 270,000 infections. The bank eventually confirmed that more than 200 bank accounts had been compromised.
True, there’s nothing new in this…
However, since it’s far from being first time we’ve contacted banks to provide this type of information; we sat up and took notice of the gradual change in the way banks response to our data.
Just a year ago, a bank’s response would have been akin to:
“Why contact us? Certainly this is a police issue!” or “Where are you from? Kindly talk to your local branch”. One bank questioned, “Where is malicious server located? Eastern Europe? So, why are you contacting us?”
I believe everyone who had provided similar information to various banks encountered the same sort of responses.
Today, the situation is conceptually different. Based on several recent cases, we can verify that the banks have begun to take this information much more seriously.
First, they’ve educated themselves on banking Trojans - a refreshing change. Second, they are ready to cooperate and convey a willingness to further investigate the information provided. For example, the SpyEye case mentioned above was a process that took less than a month with the bank. At the conclusion of the case, we received complementary information that was confirmed by the bank.
Without the pretense for accurate statistics, the behavioral changes of the banks is significant, and is a result of the losses the banks suffered and continue to suffer, as result of this new type of Banker Trojans activity.
The success of Zeus and SpyEye have caused numerous copycats to appear, such as the new Bugat, Carberp, and latest Feodo Trojans. The war that the banks were engaged in at the birth of Cybercrime has become increasingly sophisticated. Given the new battle landscape, banks have begun to re-group their efforts in fighting back.