Security firm Symantec has found that banking Trojan Shylock – malware which aims to infect computers – is currently targeting more than 60 financial institutions, the majority of which are in the UK.

The malware is primarily used by organised criminal groups, and uses technology which will be familiar to many enterprises.

The way in which targets are chosen serves as a warning to firms with poor or lax security. Symantec found that news targets are chosen if they have high-value accounts, or operate easy-to-penetrate security. Conversely, firms which have beefed up their security in recent years are left alone, as the effort involved in penetrating their defences may not be worth the result.

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