Threat Posed by New Internet Virus (Bugbear.B)

GuidanceFederal Trade Commission (FTC)Risk Management

This alert is intended to raise awareness of an Internet virus, Bugbear.B, that recently surfaced as a potentially serious threat to financial institutions and to prompt banks and bank technology service providers to take immediate steps to mitigate the threat to their organizations and customers.

BACKGROUND

Viruses are an increasing threat to Internet-connected systems. The Bugbear.B virus is the latest and most capable variant that threatens financial institutions. Institutions with the capability to access the Internet, including dial-up connections, may be vulnerable to the Bugbear.B virus and other viruses, and should institute appropriate measures to mitigate the risks posed to their servers, desktops, laptops, and other computing devices.

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