
Oh stop scaring people.
Until it happens, fuck off.
Stupid fricking idiots. Shouting about it will make it worse not better.
Security researchers have warned that cybercrooks might be able to compromise online bank accounts even in cases where banks use SMS messages to authorise transactions. The approach relies on first compromising a targeted user's computer using a variant of the ZeuS banking Trojan before infecting the same user's smartphone. …
I see. What else do you need to get infected/affected? It also requires that planets are in alignment, your grandma is Elvis Presley's niece, you have a dog called Shakira, and your house is painted in stripes of peachy orange and blue apples. Oh well, clearly we should all watch out for this one.
Maybe they should design a virus which targets individuals called Simon, who live on Mars and drive a lettucemobile.
Zeus infected systems probably number in the millions by now. The latest Twitter thing was installing Zeus via a drive-by-download. Zeus is freaking everywhere now. Stop what you are doing, and update your system. You wouldn't believe the pages of alerts I get every day from customer systems infected with Zeus.
Now Zeus just needs to be spread to your phone, and you are completely screwed. So, no, not a good idea for you bank to drop the SMS confirmations, because without the SMS check, your account would already be empty.
She did online banking and one day discovered she had a $10 balance when it should have been much more. The bank had sent all of her money to somewhere in Australia.
Haven't heard if she was successful in getting any kind of restitution but likely not since the route was probably through a key logger on her home PC.
These things happen and this sounds like it was targeting business bank accounts rather than personal.
Leexgx is right - RSA key fobs can help to make theft more difficult instead of using a communications channel that can be compromised. Luckily my bank offered them for free but they have made it much more limited (business customers) due to lack of interest. Regular customers (maybe businesses too) now have to pay for the RSA keys.