Mobile Banking Trojans Increase by 117% H1 2022

Trojans targeting mobile banking can be especially dangerous because of the fact that this is the sort of thing that could potentially end up giving malicious actors access to your personal financial accounts. The rise of mobile banking has made things rather convenient, but in spite of the fact that this is the case it also leaves users exposed to a number of different threats, with trojans being high up on that list with all things having been considered and taken into account.

Back in the first half of 2020, there were around 81,000 trojans that were targeting mobile banking apps. That number fell to 68,752 in in the second half of 2020, and 49,915 by the first half of 2021. While the overall number of these trojans increased marginally to 50,450, many assumed that the fight against these trojans was yielding fruitful results and that these trojans would become less of a threat in the future than might have been the case otherwise.

With all of that having been said and now out of the way, it is important to note that the first half of 2022 has seen a stark reversal of previous positive trends. Banking trojans increased by a massive 117% to reach 109,651 which is the highest number that has ever been seen for this metric.

What makes things even worse is that about half of these trojans, or 49.28% to be precise, Trojan-Banker.AndroidOS.Bray family which is notorious for being especially dangerous. That means that almost half of the new trojans are major threats.

Some malicious actors try to pretend like their actions don’t have any negative consequences for the victims of their malfeasance, citing the ability of their banks to replenish their funds using insurance. However, the process of getting this done is extremely complicated and it often doesn’t pan out.

Cybercrime impacts real people and robs of them of their real money that they need. This rising tide of trojans targeting mobile banking apps is putting the financial security of the world at risk, and it is high time that we started to make some progress on that front.

H/T: Atlas VPN

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