• Tue. Oct 19th, 2021

Kaspersky data shows 60% increase in mobile banking Trojan attacks

ByCindy J. Daddario

Sep 12, 2021

Yeo Siang Tiong

KUCHING: Global cybersecurity firm Kaspersky released its Q2 2021 (2Q21) Mobile Threat Report for Southeast Asia (SEA), where it monitored a 60% increase in the number of attacks using malicious mobile bankers detected and stranded in the region.

Mobile banking Trojans – or bankers – are used by cybercriminals to steal funds directly from mobile bank accounts.

These malicious programs usually look like legitimate financial apps, but when a victim enters their security credentials in an attempt to gain access to their bank account, attackers gain access to that private information.

Overall, since the start of 2021, Kaspersky products have foiled 708 incidents in six SEA countries. This already represents 50% of the total number of mobile bankers stranded in 2020, which was 1,408.

Indonesia and Vietnam recorded the highest number of incidents in the first half of the year.

Globally, however, the two countries are not among the top 10 countries affected by this threat. Vietnam is only 27th and Indonesia is 31st in June of this year.

The five countries with the highest number of mobile banking Trojan horse detections in 2Q21 are Russia, Japan, Turkey, Germany and France.

While the number of mobile banking Trojan attacks in SEA remains low, 367 incidents from April to June 2021 compared to 230 detections during the same period last year, the pandemic continues to force users to start use mobile payment systems.

“We are almost in the second year of the pandemic which has accelerated the adoption of mobile payment in the region at breakneck speed,” said Yeo Siang Tiong, Kaspersky’s general manager for Southeast Asia.

“At the start of this health crisis, our survey already showed that the majority of internet users here have moved finance-related activities online, such as shopping (64%) and banking (47%).”

The same survey found that seven in ten people (69%) are concerned about conducting financial transactions online and 42% of those surveyed admitted to being afraid that someone would access their financial information through their devices.

Additionally, another report by Kaspersky titled “Making Sense of Our Place in the Digital Reputation Economy” found that the majority (76%) of SEA’s 861 respondents confirmed their intention to keep their linked data. money away from the Internet.

Sentiment is highest among Baby Boomers (85%), followed by Generation X (81%) and Generation Y (75%).

“Obviously, there is an awareness of the threats present when we conduct banking and payment transactions through our mobile phones. But there is always a gap between knowing and acting on it. So, to help SEA users harness the power of their smartphone and protect their finances, we suggest some practical tips but also encourage everyone to consider using security solutions as a safety net in case they need to. accidentally clicked on a malicious link or downloaded a red mobile banking app.

Here are some practical tips from Kaspersky that you can apply to help keep your money safe online: get a temporary credit card, dedicate a computer to online banking and shopping, use a dedicated email address, manage and protect your passwords online and use a virtual private network. (VPN).








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