• Thu. Dec 1st, 2022

Mobile Banking Trojans Increase 117% in H1 2022 / Digital News World

ByCindy J. Daddario

Oct 4, 2022

Trojans targeting mobile banking can be particularly dangerous because it’s the kind of thing that could possibly give malicious actors access to your personal financial accounts. The rise of mobile banking has made things rather convenient, but despite this, users are also exposed to a number of different threats, with Trojans being at the top of this list, all having been considered and considered. into account.

In the first half of 2020, around 81,000 Trojans targeted mobile banking apps. This number fell to 68,752 in the second half of 2020 and to 49,915 in the first half of 2021. While the total number of these Trojans increased slightly to 50,450, many assumed that the fight against these Trojans gave successful results and that these Trojans would become less threatening in the future than it otherwise would have been.

All of that said and now dismissed, it is important to note that the first half of 2022 saw a sharp reversal from previous positive trends. Banking Trojans increased by 117% to 109,651, the highest number ever for this metric.

What makes things even worse is that about half of these Trojans, or 49.28% to be precise, are the Trojan-Banker.AndroidOS.Bray family which is known to be particularly dangerous. This means that almost half of new Trojans are major threats.

Some malicious actors try to claim that their actions have no negative consequences for the victims of their misdeeds, citing the ability of their banks to replenish their funds through insurance. However, the process to achieve this is extremely complicated and often it does not happen.

Cybercrime affects real people and robs them of the real money they need. This rising tide of Trojans targeting mobile banking apps is jeopardizing the world’s financial security, and it’s high time we started making progress on this front.

H/T: VPN Atlas

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