Banking Security Censured 4% Indian users in 2018 : Mobile Banking Trozan Attack on the Top - Kaspersky Lab

On Last Monday the Cyber security firm Kaspersky Lab on a new report revealed that at best Four per cent Indian users were attacked by banking security - Trojans in 2018.

As many as 889,452 users of Kaspersky Lab solutions were attacked by banking Trojans in 2018, marking an increase of 15.9 per cent over 2017 when 767,000 users were hit.

Mobile banking Trojans are also one of the most infamous type of malware, as they are designed to steal money directly from mobile users’ bank accounts. This type of attack is attractive to cybercriminals from all over the world, looking for an easy profit. The malware is typically disguised as a legitimate app, to lure people into installing it. Once the banking app is launched, the Trojan displays its own interface overlaying the banking app’s interface. When the user inputs credentials, the malware steals the information.

Users in Russia, Germany, Vietnam, Italy, the US and China were the ones most attacked by banking malware such as Zbot, Gozi and SpyEye.

Zbot and Gozi are the kings when it comes to the most widespread banking malware (with over 26 per cent and 20 per cent of users attacked), followed by SpyEye (with 15.6 per cent victims) and the others.

"When it comes to individual users, we can say that 2018 didn't give them much respite from financial threats. Our data shows that infamous bankers are still there, increasing their attacks and hunting for money. Of particular interest was the RTM banking Trojan, whose explosive growth pumped up the figures for 2018," Oleg Kupreev, Security Expert at Kaspersky Lab, said in a statement.

"We therefore urge users to be cautious when conducting financial operations online from PCs. Don't underestimate the professionalism of modern cybercriminals by leaving your computer unprotected."

However, the share of financial phishing decreased from 53.8 per cent to 44.7 per cent of all phishing detections, which still accounts for almost a half of the overall detections.

The share of phishing attacks related to payment systems and online shops accounted for almost 14 per cent and 8.9 per cent, respectively in 2018 while the share of financial phishing encountered by Mac users grew slightly, accounting for 57.6 per cent.