Venugopal N, Director-Security Engineering, Check Point Software Technologies India & SAARC
“Banking malware codes are specifically designed to steal financial information and transfer funds to their bank accounts. In infected devices banking malwares first search for banking or payment apps and then create a fake pop-up overlay page. Once users open them to enter their credentials the information is sent directly to the attacker's servers. For example, the Marcher banking malware discovered by Check Point superimposed a fake credit card payment page over the original one to steal credit card information and bank credentials that it relayed to an external server.
Another source of banking malware is through the device’s app store itself where fake apps of many payment and banking vendors exist and show up for downloading. A prime example is the BankBot Trojan that was first detected by Check Point. The Trojan was programmed to embed itself in the codes of various apps on the Google Play Store. Once it was downloaded by the unsuspecting user, the hidden banking malware asked for accessibility permissions that granted it almost complete control over the device,” defines Venugopal N, Director-Security Engineering, Check Point Software Technologies, India & SAARC.
See What’s Next in Tech With the Fast Forward Newsletter
Tweets From @varindiamag
Nothing to see here - yet
When they Tweet, their Tweets will show up here.
