CyberTech

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In context: Financial phishing attacks are on the rise, with Kaspersky reporting this week that banking trojan attacks increased 16 percent year-over-year among their users. The news is even worse for Android users, with 2018 showing a three-fold increase in banking malware attacks YoY.

Kaspersky Lab recently revealed some grim news related to the use of banking malware, detecting almost 900,000 attacks globally in 2018, an increase of 16 percent versus 2017.

A banking trojan is malware that disguises itself as a genuine app, software, or login page for a bank, which users then access or install. Once the user inputs their login information into the spoofed page, the credentials are sent back to the malware developers, granting them access to the user's bank account.

Each trojan operates a bit differently. For example, Marcher is triggered when a mobile user opens a genuine banking app, and overlays its own fake screen on top of the login screen. This method of gaining access often goes undetected by the user, as the fake login screen is usually a perfect copy of the real one. Zeus, another widespread banking malware, targets Windows users via spam emails and forced downloads.

While Russia and Germany accounted for almost 43 percent of all attacks, the increase in banking malware was seen across the globe. India, Italy, Vietnam, and the US were all hit hard, collectively accounting for almost 20 percent of all attacks.
More info: Report: Banking trojan attacks increased 16 percent YoY; Android attacks up three-fold