Hackers waiting to prey on mobile banking apps

Banking malware is on the rise, and financial institutions need to be wary of the consequences as they rush out more and more mobile features.

That’s according to Quick Heal Technologies, which released its Q2 Threat Report for 2016, analysing the top malware and virus types affecting Windows and Android users. According to the report, ransomware detection has fallen slightly from the last quarter, but is on a rise compared to last year’s figures.

Predictions made in the report outline that ransomware variants will continue to rise in the coming years as more and more susceptible targets are made available. Ransomware-as-a-Service is also booming, according to the report, with malware authors selling viruses alongside a customisable kit.

Hackers will see the rise in mobile banking apps as a golden opportunity, says the report, with more and more potential victims joining up to services that, if the security isn’t water-tight, could be exploited. For the full article click here 

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