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The malware is typically disguised as a legitimate app

Shrenik Bhayani, General Manager, Kaspersky Lab (South Asia)

 

"Mobile banking Trojans are one of the most infamous type of malware, as they are designed to steal money directly from mobile users’ bank accounts"

 

In the banking industry, mobile banking Trojans falls under the well-known malwares. These kind of malwares are designed to loot money directly from mobile user’s bank accounts and the cyber criminals prefer these kind of attacks as it is an easy profit for them. Further explaining Shrenik Bhayani, General Manager, Kaspersky Lab (South Asia) says, “Mobile banking Trojans are one of the most infamous type of malware, as they are designed to steal money directly from mobile users’ bank accounts. This type of attack is attractive to cybercriminals from all over the world, looking for an easy profit. The malware is typically disguised as a legitimate app, to lure people into installing it. Once the banking app is launched, the Trojan displays its own interface overlaying the banking app’s interface. When the user inputs credentials, the malware steals the information.

 

The second quarter of 2018 experienced a massive influx of these types of Trojan at 61,045, which is a historic high in all the time that Kaspersky Lab has been observing such threats. The greatest contribution to the number was made by the creators of Trojan Hqwar, with about half of the new modifications discovered relating to this malware. Trojan Agent took second place with around 5,000 packages.” 

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