banking trojans

After its latest research regarding the rise of e-money adopters in the Asia Pacific, Kaspersky procured a relevant study that has a parallel connection to the onset of online banking trojans in the region. 

As we all know, the lockdown restrictions forced everyone to shift their financial transactions online. But now, after analyzing the historical figures we have on financial threats, I also learned that there was another outbreak that started in early 2019 in APAC – banking Trojans.

-Vitaly Kamluk, Director of Global Research & Analysis Team (GReAT) for APAC at Kaspersky

Banking Trojans are among dangerous malwares, as they are used to steal money from users’ bank accounts. It aims to either obtain access credentials/one-time passwords to online bank accounts or to manipulate the user and hijack control for the live online banking session from the owner. With the uprising usage of online payments coupled with its early user adoption, banking trojans become one of the most impactful threats for home users. 

Banking Trojans were not the biggest concern of many countries in APAC until 2019 when an outbreak of infections appeared in multiple countries at once. From then on there was no looking back. Our telemetry shows that this malicious threat has grown in terms of detections and reach. We see that it will continue to pose a significant threat to both financial organizations and individuals here as we continue to see more users and startups dipping their feet into the digital payments field.

-Vitaly Kamluk, Director of Global Research & Analysis Team (GReAT) for APAC at Kaspersky

(Source: Kaspersky)

From the research, the Philippines recorded the highest number of unique users attacked in APAC at 22.26% of all banking Trojans discovered in the region, followed by Bangladesh (12.91%), Cambodia (7.16%), Vietnam (7.04%), and Afghanistan (7.02%).

To better secure individuals against such threats and similarly other cybercrimes, Kamluk shares these reminders: 

  • Update your software regularly
  • Pay attention to security software alerts
  • Be more suspicious in communication
  • Use complex passwords and 2FA
  • Use hardware digital wallets and diligently follow its security protocols
  • Install a reliable security solution for your devices – including mobile phones

For financial organizations and enterprises, in general:

  • Defend your perimeter with a reliable vendor
  • Run cybersecurity drills
  • Verify your supply chain software
  •  Monitor the latest trends and attacks
  • Motivate staff to report suspicious findings and contacts

 

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