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A Cyber Attack Against Lebanese Banks. Virus Gauss in Context.

August 10, 2012 · Mustapha Hamoui

Yesterday, many of us read about Virus Gauss, the sophisticated state-sponsored virus that hit Lebanese banks. Most of the coverage of the virus so far was about its technical prowess and mystery. But to me the more important story was what the virus was after. In my new article in Al-Monitor, I put the virus in the context of the recent campaign against Lebanese banks. I also talked about why this virus matters to Lebanese citizens and policy makers

Posted below the jump is the first paragraph of the article

Many Lebanese were surprised to Learn yesterday that a sophisticated, state-sponsored piece of malware has been relentlessly spying on Lebanese Bank accounts for many months. The virus, dubbed “Gauss” by Kaspersky labs, the security firm that discovered it, is a very advanced piece of software that has been monitoring Lebanese bank accounts since September of last year. Wired magazine called Gauss a “cousin” of the Stuxnet and Flame viruses, infamous pieces of malware that were apparently created by the US and Israel to target Iran’s nuclear infrastructure.

Read the rest on Al-Monitor >>