The threat American bankers knew would come has finally arrived: A new breed of mobile malware is targeting the mobile banking apps of a number of U.S. banks, locking the phone and demanding customers pay a ransom to unlock it.
Discovered last week by Kaspersky Lab, the Svpeng malware has so far targeted USAA, Citigroup, American Express, Wells Fargo, Bank of America, TD Bank, JPMorgan Chase, BB&T and Regions banks.
Read More here.
View this web seminar on demand to learn all the details of this threat, and what digital banking and security chiefs should be doing to protect apps, and customers.
***There will be a Q&A Session at the end of the presentation.
Editor in Chief, Bank Technology News
Technology Editor, American Banker
Head of Global Research & Analysis Team - Latin America
Dmitry oversees the anti-malware development work of the companys experts in the region. He joined Kaspersky Lab in 2007 as a Malware Analyst and was responsible for monitoring the local threat landscape and providing preliminary analyses, before going on to become Senior Regional Researcher for the Latin American region in 2008. In addition to overseeing anti-malware development work, Dmitrys current role also includes producing reports and forecasts for the region and he is much in demand by the media for comment and interview. His wide field of expertise covers everything from online fraud through to the use of social networking sites by cybercriminals and corporate security.
Senior Analyst, Aite Group
Shirley is a senior analyst covering fraud, data security, anti-money laundering, and compliance issues. Ms. Inscoe brings to Aite Group 30 years of banking experience in enterprise fraud and payments issues. She has served as the chair of the BITS Fraud Reduction Steering Committee and the co-chair of Early Warning Services Advisory Committee, and has been a member of ABAs Deposit Account Fraud and Payment Systems Committees. She has spoken at many BAI, ABA, BITS, and NACHA conferences on topics related to payments and fraud prevention. In 2009, she co-authored a book on internal fraud entitled, Insidious: How Trusted Employees Steal Millions and Why Its So Hard for Banks to Stop Them.