There has been a sharp rise in the volume of malicious software aimed at stealing credentials and money from users’ bank accounts, researchers at Kaspersky have noted. The cyber security firm says that in Q1 2020, 42,115 files of this type of malware were found. This is more than two and a half times higher than in Q4 2019. These are among the main findings of Kaspersky’s IT threat evolution in Q1 2020 report.
These attempts are being made through mobile banking which are a well-known threat in the cyber-community. They are usually used to steal funds directly from mobile bank accounts. These malicious programs typically look like a legitimate financial app, but when a victim tries to access their genuine bank app and enter their security credentials, the attackers gain access to that private information too.
The firm has deduced more than 42,000 modifications of various families of banking Trojans in the first quarter of this year, highest in last 18 months. Moreover, the…
