The online banking malware volume surged this quarter. They spread across the globe and no longer concentrated on certain regions like Europe and the Americas. Trend Micro continued to see this trend, with infection counts going beyond the 200,000 mark, the highest infection number since 2002.
“Threat actors are pouncing on users’ banking transactions, with the likes of FAKEBANK and FAKETOKEN malware threatening users,” says Dhanya Thakkar, Managing Director, India & SAARC, Trend Micro. “As with other app types, users may encounter Trojanized or fake apps disguised as legitimate banking apps. Cybercriminals will use different tricks to mimic legitimate apps. They can use the same images and icons or closely imitate the publisher’s name.”
“Threat actors are pouncing on users’ banking transactions, with the likes of FAKEBANK and FAKETOKEN malware threatening users,” says Dhanya Thakkar, Managing Director, India & SAARC, Trend Micro. “As with other app types, users may encounter Trojanized or fake apps disguised as legitimate banking apps. Cybercriminals will use different tricks to mimic legitimate apps. They can use the same images and icons or closely imitate the publisher’s name.”