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New ‘SpyEye’ Malware Covers Thieves’ Tracks

If you constantly check your account online, youll know if someone dipped into your funds, right? Not anymore.

Researchers at global computer security firm Trusteer have found that the latest version of SpyEye’s malware toolkit can help criminals sneak into bank accounts, use the information to commit fraud and then cover up their tracks so there’s no evidence of tampering when the account holder logs back on.

Trusteer’s chief technology officer Amit Klein says this new version, which is targeting banks in the U.S. and U.K., works like this:

SpyEye lurks as the user starts to log in to the banking site. While that’s happening, the malware injects fake prompts into the login page to ask for information such as debit card numbers, PINs and expiration dates.

“The user suspects the bank is just asking for this information as part of the login process,” Klein says.

The padlock symbol at the bottom right of the screen is still there, as is the https in the URL, which usually indicates a secure connection. Yet the per

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NAR Revises Home Sales Records

The National Association of Realtors (NAR) has announced it has made an error in the accounting of home sales for the better part of the last decade, and that its data revision reveals U.S. homes were even lower than previously thought. NAR officials expect the new calculations to be as much as 20% lower than initially reported; however, the new statistics will not change falling home prices, sluggish construction and a challenging lending climate. Critics ruefully comment that the only thing the news will affect is buyer confidence, which will sink even lower when they see just how poorly the housing market is truly performing. For more on this continue reading the following article from TheStreet. We already know the housing crash was bad, perhaps the worst in history; Wednesday we will learn that it’s worse than we thought. Read more…

Risk Aversion On The Rise On Euro Uncertainty

– The major U.S. index futures are pointing to a lower opening on Wednesday, with conflicting views relayed by European leaders intensifying the uncertainty surrounding the region’s debt crisis. The fears have driven traders out of risky bets and the euro is seen tumbling against the dollar. Commodities are also retreating. The across the board risk aversion may lead to cautious trading on Wall Street after the Asian markets retreated earlier in the global trading day. The European markets are also witnessing nervous moments.

U.S. stocks retreated on Tuesday despite developments in Europe helping the markets to stay afloat in the morning. The major averages opened higher and remained mostly above the unchanged line until the FOMC announcement.

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The Ultra-Premium J.P. Morgan Select Credit Card

Chase is one of the largest issuer of reward credit cards and they offer a wide variety of cash back and co-branded cards that grant points or miles. Furthermore, Chase operates an industry leading rewards program aptly titled Ultimate Rewards. Although their most well known cards that offer Ultimate Rewards points include the Chase Freedom and Sapphire cards, there is a lesser known product in their line-up that is worth considering. Chase offers its J.P. Morgan Select Visa card for those who want to earn Ultimate Rewards points while enjoying a card with streamlined terms and conditions.

For each dollar spent on most purchases, cardholders will receive a single Ultimate Rewards point. Double points are earned for spending on airline, hotel, and rental car purchases.

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