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Looming cyber attack threatens major banks

Some of the nation’s biggest banks are at risk of a massive cyber attack next year that could potentially siphon funds from unsuspecting customers, according to a leading digital security firm.

The fraud campaign, known as Project Blitzkrieg, is a credible threat, the Internet security firm McAfee Labs concluded in a new report.

The malware has been lying dormant in U.S. financial systems and is scheduled to go active by the spring of 2013, McAfee researchers concluded.

The project “appears to be moving forward as planned,” the report states.

Some 30 financial institutions are listed in the report as targets of the campaign.

They include Fidelity, E*Trade, Charles Schwab, PayPal, Citibank, Wachovia, Wells Fargo, Capital One, Navy Federal Credit Union and others.

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