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Hackers can steal money and make your bank account look intact

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Hackers can steal money and make your bank account look intact

Hackers have become increasingly sophisticated in targeting bank accounts, sometimes stealing money without the account holder realizing it right away. This raises an unsettling concern among many: could someone actually drain your bank account while making it appear as though your balance remains untouched?

As Bruce from Phoenix asks, “Is it true that hackers can wipe out your bank account but make it look like the money is still there?”

The short answer is yes, though it’s rare and requires a high level of skill. Still, even the possibility is alarming, especially when you consider how easily people can fall victim to common tactics hackers use to gain access to accounts in the first place.

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A hacker at work (Kurt “CyberGuy” Knutsson)

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How do hackers access your bank account?

There’s a long list of methods cybercriminals use to get into people’s financial accounts, and most of them don’t involve “hacking” in the Hollywood sense. Instead, they rely on tricking you into handing over sensitive information. Here are some of the most common techniques.

Fake banking apps and mobile trojans: Some apps are designed to look exactly like your bank’s official app, but they’re actually fakes. If you enter your login info, it goes straight to the scammer. Even more advanced are mobile banking trojans, which hide inside seemingly unrelated apps. Once installed, the trojan watches for when you open your real banking app and then quickly overlays a fake login screen. If you type in your credentials, the trojan grabs them and sends them off to the attacker.

Phishing scams: Scammers send emails or texts that appear to be from your bank, asking you to verify a transaction or log in to resolve an issue. These messages often include links to websites that look identical to your bank’s site but are actually fakes. The giveaway is often a small detail, like a misspelled URL. For example, “captial0ne.com” instead of “capitalone.com.”

Keyloggers: Keyloggers are a type of malware that silently records everything you type. If one gets onto your device, it can capture your banking username, password and anything else you type, all without you knowing.

Man-in-the-middle attacks: These attacks happen when hackers intercept the data being transmitted between you and your bank’s website. This is especially risky if you’re on public Wi-Fi. You may think you’re logging in securely, but a hacker could be watching everything or even redirecting you to a fake version of your bank’s site.

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SIM swapping: SIM swapping is where a scammer contacts your phone provider, pretends to be you and asks to transfer your number to a new SIM card. If successful, they receive your text messages, including any verification codes sent by your bank. This gives them access to your account, even if two-factor authentication is turned on.

A person using a bank card to shop via laptop (Kurt “CyberGuy” Knutsson)

SNEAKY SCAMMERS DRAIN BANK ACCOUNT IN SINISTER PHONE PHISHING SCHEME

Advanced account manipulation

This is where it gets unsettling. In rare cases, hackers can actually make it look like your bank balance hasn’t changed, even though they’ve already taken the money. How? By targeting the display layer of your banking app or web interface. If malware is installed on your device, it can manipulate what shows up on the screen. That means your balance might look normal, while your actual funds are long gone. This type of attack is extremely rare and usually requires access to a compromised or jailbroken device, but it’s technically possible and just sophisticated enough to delay you from realizing what happened.

Bank alert notification on smartphone (Kurt “CyberGuy” Knutsson)

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PREVENTING THIS INSIDIOUS EMAIL FORWARDING SCAM THAT WILL DRAIN YOUR BANK ACCOUNT

8 steps to protect your bank account from sophisticated hackers

The good news? You don’t need to be a cybersecurity expert to protect yourself. Just following these key steps can dramatically reduce your risk.

1) Use official apps only: Cybercriminals will try to trick you with fake banking apps and mobile trojans that overlay fake login screens, so it’s critical to download banking apps exclusively from the Apple App Store or Google Play. Never install apps from links in emails or texts.

2) Turn on two-factor authentication (2FA): SIM-swapping attacks can hijack your phone number and intercept SMS codes, so enable app-based 2FA to block unauthorized logins even if hackers obtain your password.

3) Get text or app alerts: Hackers can manipulate your account’s display to hide stolen funds, so set up real-time transaction alerts to expose unauthorized withdrawals immediately, especially for microtransactions used to test your account.

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4) Use strong, unique passwords: Phishing scams and keyloggers often harvest weak or reused credentials, so use a password manager to generate and store complex passwords. Get more details about my best expert-reviewed password managers of 2025 here.

5) Avoid clicking suspicious links and install strong antivirus software: Scammers impersonate banks with phishing emails/texts containing misspelled URLs (e.g., “captial0ne.com”), so always navigate directly to your bank’s official website or app instead of clicking embedded links. Strong antivirus software helps protect your devices from fake apps, keyloggers and other threats. The best way to safeguard yourself from malicious links that install malware, potentially accessing your private information, is to have antivirus software installed on all your devices. This protection can also alert you to phishing emails and ransomware scams, keeping your personal information and digital assets safe. Get my picks of the best 2025 antivirus protection winners for your Windows, Mac, Android and iOS devices.

6) Check your accounts regularly: Don’t just glance at your balance. Review recent transactions at least once a week to catch any suspicious activity.

7) Avoid public Wi-Fi for banking: Hackers exploit unsecured networks to launch man-in-the-middle attacks and spoof banking sites, so use a VPN to encrypt your connection if you must bank on public Wi-Fi. VPNs will protect you from those who want to track and identify your potential location and the websites that you visit. For the best VPN software, see my expert review of the best VPNs for browsing the web privately on your Windows, Mac, Android and iOS devices.

8) Use a personal data removal service: Data brokers sell your contact details and personal information, which hackers can use for targeted phishing attacks or SIM swap scams. These services automatically remove your data from broker databases, reducing the risk of social engineering attempts that could compromise your bank account.

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While no service can guarantee the complete removal of your data from the internet, a data removal service is really a smart choice. They aren’t cheap, and neither is your privacy. These services do all the work for you by actively monitoring and systematically erasing your personal information from hundreds of websites. It’s what gives me peace of mind and has proven to be the most effective way to erase your personal data from the internet. By limiting the information available, you reduce the risk of scammers cross-referencing data from breaches with information they might find on the dark web, making it harder for them to target you. Check out my top picks for data removal services here.

GOT A BANK TRANSFER ALERT TEXT? IT MIGHT BE A SCAM. HERE’S WHAT TO DO

Kurt’s key takeaways

Hackers don’t need to break into your bank’s system; they just need to trick you. Whether it’s phishing, malware or SIM swaps, the goal is always the same: get access to your login and verification codes. Fortunately, you can make it much harder for them by using secure habits and staying alert. Your money belongs with you, not in the hands of a scammer.

Has this ever happened to you or someone you know? Let us know by writing us at Cyberguy.com/Contact.

For more of my tech tips and security alerts, subscribe to my free CyberGuy Report Newsletter by heading to Cyberguy.com/Newsletter.

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Copyright 2025 CyberGuy.com. All rights reserved.

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SpaceX cuts a deal to maybe buy Cursor for $60 billion

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SpaceX cuts a deal to maybe buy Cursor for  billion

SpaceX and Cursor are now working closely together to create the world’s best coding and knowledge work AI.

The combination of Cursor’s leading product and distribution to expert software engineers with SpaceX’s million H100 equivalent Colossus training supercomputer will allow us to build the world’s most useful models.

Cursor has also given SpaceX the right to acquire Cursor later this year for $60 billion or pay $10 billion for our work together.

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Fake Windows update installs hidden malware

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Fake Windows update installs hidden malware

NEWYou can now listen to Fox News articles!

If you’ve ever clicked “Check for updates” and trusted what you saw, you’re not alone. That’s exactly what this latest scam is counting on.

The page mimics official branding, includes a believable knowledge base number and presents a big blue download button that feels familiar.

The catch? The download installs malware designed to steal passwords, payment details and account access.

According to researchers at Malwarebytes Labs, a cybersecurity research and threat intelligence team inside Malwarebytes, the site uses a typosquatted domain that looks close enough to a real Microsoft URL to fool a quick glance. That small trick is often all it takes.

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APPLE APP PASSWORD SCAM EMAIL WARNING
 

Cybersecurity researchers warn a fake Microsoft update site uses a look-alike URL and a familiar download button to deliver data-stealing malware. (Michael Nagle/Bloomberg via Getty Images)

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Why this fake Windows update malware slips past detection

At first glance, nothing seems off. The file looks like a standard Windows installer. It even lists “Microsoft” in its properties. That’s where this attack gets clever. Instead of using obvious malicious code, the attackers built the installer with legitimate tools and layered the attack in stages. Each piece looks harmless on its own.

Here’s what’s happening behind the scenes:

  • The installer launches what appears to be a normal app
  • That app quietly runs hidden scripts
  • A disguised process loads a full Python environment
  • Data theft tools activate in the background

Because each step looks routine, many security tools fail to flag it right away. Researchers also noted that antivirus engines initially showed zero detections for key parts of the attack. That does not mean the file is safe. It means the malicious behavior is well hidden.

What this fake Windows update malware is stealing

Once installed, the malware gets to work fast. It collects details about the infected device, including location and IP address. Then it reaches out to remote servers to receive instructions and upload stolen data.

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The targets include:

  • Saved browser passwords
  • Login sessions and cookies
  • Payment details
  • Discord account tokens

It even tries to shut down other processes on your system to avoid interference while it works. In some cases, it modifies apps like Discord to intercept account activity in real time.

How the fake Windows update malware stays on your system

This malware is designed to stick around. It creates entries that look like normal system processes, so they blend in. One registry entry mimics Windows Security Health, which most users would ignore. It also drops a shortcut in your startup folder with a familiar name like Spotify. That makes it easy to overlook. Two different persistence tricks mean it can survive a reboot and keep running.

FAKE WINDOWS UPDATE PUSHES MALWARE IN NEW CLICKFIX ATTACK
 

A fake Windows update page is tricking users into downloading malware that steals passwords, payment details and account access. (Beata Zawrzel/NurPhoto)

Why this fake Windows update scam feels so real

There’s a bigger trend behind this. Researchers say campaigns like this often target regions where large data breaches have already exposed personal information. When attackers already know your name, provider or habits, they can build scams that feel tailored to you. That makes a fake Windows update page far more believable than a generic phishing email.

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It also highlights something important. Today’s malware often hides inside legitimate tools and trusted frameworks. That makes it harder to detect and easier to trust. This campaign shows how far scammers have come. They are no longer relying on sloppy emails or obvious fake links. Instead, they are building layered attacks that look and behave like trusted software.

Even experienced users can get caught off guard when everything appears normal. The biggest takeaway is simple. A clean scan result or a familiar interface does not guarantee safety.

Microsoft says it’s aware of the threat

Microsoft confirmed it is tracking this type of activity and urges users to be cautious when downloading updates from unfamiliar sources. 

“We are aware of reports of fraudulent websites impersonating Microsoft, and we actively work to detect and disrupt malicious activity across the internet,” A Microsoft spokesperson told CyberGuy. “We encourage customers to be cautious of unexpected prompts or downloads and to verify that they are interacting with legitimate Microsoft domains. As a best practice, we recommend users verify the legitimacy of a link by going directly to our website from your own saved favorite, from a web search, or by typing the domain name yourself.”

For more guidance on how to protect against online phishing scams, you can refer to Microsoft’s official support page at support.microsoft.com.

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MICROSOFT CROSSES PRIVACY LINE FEW EXPECTED
 

A convincing Windows update scam is spreading malware that can grab saved passwords, cookies, payment data and Discord tokens. (Todor Tsvetkov/Getty Images)

Ways to stay safe from fake Windows update malware

You don’t need to be a security expert to avoid this. A few habits make a big difference.

1) Only update Windows from your settings

Go to Settings > Windows Update and check for updates there. Avoid downloading updates from websites. 

2) Double-check the URL

Real Microsoft pages use microsoft.com. Anything else, even if it looks close, should raise a red flag.

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3) Be cautious with urgent update prompts

If a site or message pressures you to install an update, stop and verify it manually. 

4) Use strong antivirus software with behavior detection

Traditional antivirus software, which often comes built into your device or as basic security software, mainly looks for known threats using signature matching, which means it can miss new or well-hidden attacks like this one. Strong antivirus software uses behavior detection to monitor what programs are doing in real time, helping flag suspicious activity even if the malware hasn’t been seen before.  Get my picks for the best 2026 antivirus protection winners for your Windows, Mac, Android & iOS devices at Cyberguy.com.

5) Use a data removal service to limit your exposure

If your personal information is already circulating online from past breaches, it can make scams like this more convincing. A data removal service helps reduce how much of your information is publicly available, making it harder for attackers to target you with tailored phishing attempts. Check out my top picks for data removal services and get a free scan to find out if your personal information is already out on the web by visiting Cyberguy.com

6) Turn on two-factor authentication

Two-factor authentication (2FA) adds a second layer of protection if your passwords are stolen.

7) Avoid downloading installer files from unknown sites

Legitimate updates rarely require manual downloads. 

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Kurt’s key takeaways

Fake updates are one of the most effective tricks because they tap into something we all trust. Keeping your system secure should not put you at risk, yet that’s exactly what attackers are exploiting here. The safest move is to slow down, verify where updates come from and stick to built-in tools whenever possible.

Are tech companies doing enough to keep fake updates from putting your data at risk? Let us know your thoughts in the comments below. Let us know by writing to us at Cyberguy.com.

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  • Get my best tech tips, urgent security alerts and exclusive deals delivered straight to your inbox.
  • For simple, real-world ways to spot scams early and stay protected, visit CyberGuy.com – trusted by millions who watch CyberGuy on TV daily.
  • Plus, you’ll get instant access to my Ultimate Scam Survival Guide free when you join.

Copyright 2026 CyberGuy.com. All rights reserved.

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The Vergecast Vergecast, 2026 edition

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The Vergecast Vergecast, 2026 edition

We get a lot of questions about how The Verge works. And how The Vergecast works. And how we make money. And whether some of that money helps Nilay buy more jackets, several yachts, or something else entirely. So, every once in a while, we spend an episode of the podcast answering as many questions as we can.

On this episode of The Vergecast, Nilay and David are joined by The Verge’s publisher, Helen Havlak, to talk about ads, subscriptions, our website, our audience, and more. Then, Nilay and David answer some more questions about how we think about journalism, our relationship with Verge alumni, video podcasts, and (of course) Brendan Carr.

Thanks to everyone who sent us questions for this episode, and please keep them coming! You can always call the Vergecast Hotline (866-VERGE11) or send us an email (vergecast@theverge.com) with your questions, thoughts, feelings, and misgivings about everything we’re up to. We truly love hearing from you. And if you want to be part of everything we’re up to, and help make The Verge even bigger and better, the best thing you can do is subscribe! You even get all our podcasts ad-free.

Oh, and also, in case you missed it yesterday, be sure and check out our emergency pod on the news that Tim Cook is stepping down as Apple CEO. We’ll be talking more about the future of Apple on Friday’s show, too, so send questions if you have ’em!

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