Posted on
May 23, 2019 at
8:24 PM

Security specialists at Kaspersky Lab are warning the public of a rapidly expanding sector of : mobile banking trojans. Reports indicate a concerning number of attacks on over 300,000 different users in the first quarter of 2019. Over 30,000 modifications of this were used in the attacks.

This is similar to a report last year by , which warned of increasingly complex attacks over the by the Gozi banking Trojan. Attackers use malware not only to gain access to confidential information linked with user accounts but to leak funds. That’s right. These banking trojans allow attackers to steal your money.

According to the IT Evaluation Report released by Kaspersky Lab, in the first quarter, the biggest was the newest version of Asacub malware, which accounts for nearly 60 percent of all attacks from banking trojans, targeted at over 8,000 users daily.

The concerning rise in mobile banking trojans is reflected in the reports by an increase from 1.85% of all mobile malware in the final quarter of 2018, to a substantial 3.24% in the first quarter of 2019. In addition, the number of mobile banking malware files increased from 18,501 to a staggering 29,841 between these two quarters.

So, how are these attackers able
to fool users into accessing bank accounts? The malware is created to resemble
any other mobile banking app. Believe me, they are true illusionists. Once
implemented, the user attempts to login and access is gained by the attacker,
regardless if they try to use their usual banking app. One way or another, the
attackers are able to access your bank account and your financial security is
put at risk.

Victor Chebyshev, a security researcher at Kaspersky Lab stated,

“The rapid rise of mobile financial malware is a troubling sign, especially since we see how criminals are perfecting their distribution mechanisms… For example, a recent tendency is to hide the baking Trojan in a dropper – the shell that is supposed to fly to the device under the security radar, releasing the malicious part only upon arrival.”

So what can we do to protect
ourselves?

The following suggestions from
Kaspersky Lab can substantially help to decrease risk:

  • Only install from trusted sources. Not all from your
    preferred app store are perfectly safe.
  • Use the best security program on the market. The more
    protection, the better.
  • Never click on links in potential spam emails. If you don’t know
    the sender, don’t open it.
  • Check permissions requested by the app.

Summary

Security Specialists Warn of Increasing Threats to Mobile Banking   - wAAACwAAAAAAQABAEACAkQBADs  - Security Specialists Warn of Increasing Threats to Mobile Banking

Article Name

Security Specialists Warn of Increasing Threats to Mobile Banking

Description

Security specialists at Kaspersky Lab are warning the public of a rapidly expanding sector of malware: mobile banking trojans. Reports indicate a concerning number of attacks on over 300,000 different users in the first quarter of 2019. Over 30,000 modifications of this malware were used in the attacks.

Author


Ali Raza

Publisher Name


Koddos

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