Man-in-the-Middle Bank Fraud Attack
This sort of attack will become more common as banks require two-factor authentication:
Tatanga checks the user account details including the number of accounts, supported currency, balance/limit details. It then chooses the account from which it could steal the highest amount.
Next, it initiates a transfer.
At this point Tatanga uses a Web Inject to trick the user into believing that the bank is performing a chipTAN test. The fake instructions request that the user generate a TAN for the purpose of this “test” and enter the TAN.
Note that the attack relies on tricking the user, which isn’t very hard.