Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

MOBILE MALWARE CONTINUES TO GROW AND ONLINE BANK ACCOUNTS ARE TARGETED MORE THAN 5 MILLION TIMES, KASPERSKY LAB Q3 REPORT SHOWS

Mobile Malware Continues to Grow and Online Bank Accounts are Targeted More Than 5 Million Times, Kaspersky Lab Q3 Report Shows

In its Q3 IT Threat Evolution report, Kaspersky Lab has published the details of the key security incidents of the quarter. Using statistics from the Kaspersky Security Network (KSN), which obtains information from millions of Kaspersky Lab product users in 213 countries, the report sheds light on the increase in mobile threats, the attempted theft of money from online bank accounts and targeted cyber-attacks in the evolving threat landscape.

Mobile threats

  • 323,374 new malicious mobile programs were detected by Kaspersky Lab mobile security products in Q3. This is a 10.8 per cent increase on Q2 2015 and a 3.1-fold increase since Q1 2015.
  • There were more than 1.5 million malicious packages installed on mobiles during the quarter, 1.5 times more than in the previous quarter.

Displaying adverts to users has remained the main method of making money from mobile threats. During the quarter, Kaspersky Lab observed a growing number of programs that used advertising in this way. They often root the device of a victim and use superuser privileges, making it very difficult to combat them. In Q3 2015, these Trojans accounted for more than half the most popular mobile malware.

Web-based financial attacks

  • In Q3 2015, Kaspersky Lab’s solutions blocked almost 626,000 attempts to launch malware capable of stealing money via access to users’ online banking. This number is 17.2 per cent lower than in the second quarter of the year, although it is a 5.7 per cent increase since Q3 2014.
  • During the quarter, there were 5.68 million notifications about attempted malware infections to steal money from users via online access to bank accounts.

In Q3 2015, users in Austria were attacked by banking Trojans more than any other region – 5 per cent of all Kaspersky Lab users in Austria faced this threat during the quarter. Singapore, last quarter’s leader, was moved to second place (4.2 per cent) and 3 per cent of users in Turkey were under threat (third).

Most of the countries in the top 10 have significant numbers of online banking users, attracting cyber-criminals. Of the malware used to target online banking users, Trojan-Downloader.Win32.Upatre was the most prevalent, being used in 63.1 per cent of attacks in an attempt to steal users’ payment details.

Targeted cyber-attacks

In Q3, the Kaspersky Lab Global Research and Analysis Team (GReAT) researched a number of sophisticated cyber-espionage campaigns. Amongst others, these included investigating the Turla group, which makes use of satellite communications to manage its command-and-control servers’ traffic for subsequent operations, the Darkhotel APT, which infiltrates hotel Wi-Fi networks to place backdoors on target computers, and the Blue Termite APT, which focuses on stealing information from organisations in Japan. Kaspersky Lab also worked on a joint investigation with the Dutch National High Tech Crime Unit (NHTCU) and Panda Security, resulting in the arrest of two suspects, who are believed to be involved in the CoinVault ransomware attacks.

The developments in Q3 demonstrate that the global threat landscape is continuing to evolve at a fast pace. Malicious mobile programs are on the rise and in countries where online banking is popular, people are at considerable risk from Trojans looking to target them. With 5.6 million cases of attempted theft from online bank accounts, and cyber-criminals continually developing sophisticated attacks, the use of high quality cybersecurity products has never been more important. It’s vital that all those using the Internet – both individuals and organisations – protect themselves from these growing threats,” says David Emm, Principal Security Researcher for Kaspersky Lab’s Global Research and Analysis Team.

Q3 in figures

  • According to KSN data, Kaspersky Lab solutions detected and repelled a total of 235.4 million malicious attacks from online resources located all over the world. This is 38 per cent lower than in Q2.
  • 75.4 million unique URLs were recognised as malicious by web antivirus components. This is 16 per cent higher than in Q2.
  • Kaspersky Lab’s web antivirus detected 38.2 million unique malicious objects: scripts, exploits, executable files, etc. This is 46.9 per cent higher than in Q2.
  • There were 5.68 million registered notifications about attempted malware infections that aim to steal money via online access to bank accounts.
  • Kaspersky Lab’s file antivirus detected a total of 145 million unique malicious and potentially unwanted objects.

Kaspersky Lab mobile security products detected:

  • 1.6 million malicious installation packages;
  • 323,374 new malicious mobile programs;
  • 2516 mobile banker Trojans.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post