Hackers hit Russian bank customers, planned international cyber raids | Reuters


"Russian cyber criminals used malware planted on Android mobile devices to steal from domestic bank customers."

A forensics and information security company involved in the investigation, Group-IB, explains in a blog post that "the Trojan scanned the victim's phone for a banking application and displayed a universal window with the icon and name of the bank retrieved from Google Play that prompted the user to enter his personal data." While authorities thwarted the criminals before they could launch additional attacks, Group-IB said the malware had been updated to target customers of banks in Great Britain, Germany, France, the US, Turkey, Singapore, Australia, and elsewhere. A researcher quoted in the article mentions an increase in attacks targeting mobile and SMS-banking users in "developing nations or in the countryside where access to conventional banking is difficult for people." Adoption of mobile banking is trending upward in the U.S. meaning more potential targets for criminals. Nowsecure VP of Risk and Privacy Ted Eull explained how to deliver secure mobile financial services in a webinar earlier this month.


Want to receive more content like this in your inbox?