Mobile banking users beware!

Mobile banking users beware! It’s time to take extra precautions while using mobile banking facility.

A new report titled 2022 Mobile Threats by cybersecurity firm Kaspersky says it has found about 2 lakh new mobile banking Trojan installers in 2022.

A Trojan, or Trojan horse, is a type of malware that conceals its true content to trick a user into thinking it’s a harmless file.

This alarming surge in the number of mobile banking Trojans is also the highest ever reported in the last six years, according to the report.

The continued growth of mobile banking Trojans is a clear indication that cybercriminals are focusing on financial gain.

“As our lives increasingly revolve around mobile devices, it’s more important than ever for the users to remain vigilant against mobile threats and take the necessary steps to protect themselves,” the report said.

Mobile threats are becoming increasingly prevalent with the evolution of mobile services and technologies. One of the most prevalent and concerning mobile threats is mobile banking Trojans, which are used to hunt for data related to online banking and e-payment systems, the report said.

The report also mentioned that cybercriminals often spread Trojan banker malware through both official and unofficial app stores.

Google Play still contains downloaders for banking Trojan families, such as Sharkbot, Anatsa/Teaban, Octo/Coper, and Xenomorph, all disguised as utilities, according to the report.