Banking Malware Dominates New Mobile Security Threats: McAfee

Print
Email
Reprints
Comment
Twitter
LinkedIn
Facebook
Google+

Banking malware and "backdoor" Trojans, which steal data from a computer without the victim realizing it, were the most popular mobile threats unleashed during the second quarter, according to a report released this week by McAfee Labs. The company found more than 17,000 new strains of malware targeting Android devices during the three-month period a 35% growth rate, higher than any the company has seen since 2010. All told, McAfee now counts 147 million types of malware in its database.

In one example, the company found four pieces of mobile malware that capture a bank customer's user name and password and intercept SMS messages the bank sends to the customer for authentication. The malicious parties then directly access the account and transfer funds.

The security software company also found that banks and online auctions are the biggest targets of phishing.

Among other growing threats described in the report, McAfee researchers saw an increase in suspicious URLs in the second quarter (such fake websites act as distribution mechanisms for malware). At June's end, the total number of suspect URLs tallied by McAfee Labs reached 74.7 million, which represents a 16 percent increase over the first quarter.

JOIN THE DISCUSSION

SEE MORE IN

RELATED TAGS

'We Don't Want to Wage this Proxy Contest in the Gutter': Week's Best Quotes

The most notable quotes from American Banker stories of the previous week. Readers are encouraged to add their own observations in the Comments fields at the bottom of each slide.

(Image: Fotolia)

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

The FinTech 100

FIS and Tata once again top the annual FinTech 100 list of vendors, ranked by revenue; IBM and Hewlett-Packard lead the pack of tech companies serving multiple industries; and Bionym and Silver Tail are among the 10 Tech Companies to Watch.
DAILY ENEWSLETTER UPDATE

A Newsletter featuring Bank Technology News' top stories plus special reports and data

This feature displays payments industry news and analysis from American Banker sibling brand PaymentsSource. Registration is required; for more information contact customer service.

TWITTER
FACEBOOK
LINKEDIN
Already a subscriber? Log in here
Please note you must now log in with your email address and password.