Trusteer researchers are warning of a malware variant called Shylock which is targeting global financial institutions.

"Unlike the non-financial malware Ramnit which turned into a fraud platform, Shylock doesn’t incorporate tactics from the infamous Zeus Trojan," Help Net Security reports. "It appears criminals have custom developed financial fraud capabilities for Shylock."

"'As with all financial fraud toolkits, Shylock’s detection rate among anti-malware solutions and fraud detection systems is extremely low,' said Amit Klein Trusteer’s CTO," the article states.

Go to "New financial malware attacks global financial institutions" to read the details.

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