Report: New banking Trojans are increasing by 80% every year

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According to Nokia’s 2021 Threat Intelligence Report, the number of new banking Trojans increased by 80% year over year in the first half of 2021. Thesis Troy, which proved to be particularly active in Latin America and Europe, in particular targets banking services for smartphones on smartphones to steal personal banking credentials, SMS messages containing one-time passwords and credit card information.

The report found that Android devices were being targeted more often than iOS devices due to their openness by developers. In 2020, 87% of Americans used a mobile device to check their bank account, with 72.21% of all mobile devices in July 2021 being Android and 26.92% iOS. These high statistics have served as a catalyst for new threats with great potential to directly impact individuals.

To avoid these threats, users of online banking are encouraged to go beyond using unique and complex passwords to use multi-factor authentication and private Wi-Fi networks when banking on their mobile devices to make more money. difficult for cybercriminals to access and obtain personal data. information.

Pie chart: a banking Trojan epidemic.  It increased 80% year-over-year.  36% came from Mobile Spyware, 20% from Trojans, 18% from Banking Trojans, 2% from adware, 5% from downloaders, 5% from infostealers and 4% from Other.

Above: This graph highlights the distribution of Android malware infections by class seen in global mobile networks in 2021, highlighting the rise in Trojan banking threats.

Image credit: Nokia

Moving away from mobile threats, the report also found that the average monthly residential infection rate for fixed residential networks has stabilized at 2.5% from a peak of 3.24% in December 2020. While the rates are still above the point. March 2020 low of 1.1%, This decrease can be attributed to updated internet services put in place as a result of home and work-from-home orders globally, better identification of application vulnerabilities and a shift in focus cybercriminals on the IoT and mobile devices.

Cybersecurity threats will continue to evolve to meet new opportunities, as seen with the rise of digital bank – Reinforce the importance of having online and endpoint security.

The report is based on aggregate data of monitored network traffic on over 200 million devices worldwide where Nokia’s NetGuard Endpoint Security product is deployed.

Read the full report by Nokia.

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