Categories: Security

Attacks on Mobile Banking Apps to Look Out For

Mobile phones have offered an extremely convenient way to manage your banking at the tip of your fingers. You no longer have to trek on over to the local banking branch to check your balance, deposit checks, or transfer funds. However, there have been immense security repercussions to this new innovation.

DFNDR’s Applock feature can be a lifesaver for you and your social media. Lock your Facebook, Twitter, Texts, Contacts, Images, and all other apps you want with a password, even if the device itself is unlocked. Also, the user is able to select which apps he wants to protect. This is a great feature to take advantage of, because it guarantees that all of your conversations and sensitive data are for your eyes only. Plus, no one will be able to gain access to your various accounts and use them for malicious purposes. Click here to protect your apps with a password now:

Hackers have found clever ways to implement malware into a variety of software in your smartphone. Here are a few ways they are performing their antics.

Black Jack Free

This sounds like it’s a pretty innocent game, but there is a pretty vicious virus that lies behind the curtains. According to Lookout, this malicious game has infected more than 5000 users. This same report noted that the hackers who infiltrated this game did so to install a secondary malicious Play store duplicate app and to install phishing popups on your device. Not only did this malware attack banks, but social media applications such as Twitter and Facebook were also under attack.

The Lookout team released a statement in regards to their investigation: “You can compare this kind of mobile malware with ATM skimmers — the devices criminals install over an ATM’s card reader in order to steal a person’s card information. It’s a layer of technology that siphons off data while the individual goes about their regular banking business.”

Faketoken and Tordow

These are two Trojans that were massively popular in 2016. While Tordow was hidden in many popular apps, Faketoken mimicked a banking app’s log in screen so that hackers could get a person’s banking information. Both of these Trojans get root access so that they can take control of your device. That’s why you should run a full virus scan on your device whenever you download a new app, to be sure that malware hasn’t infected the app. Click here to run a full virus scan on your phone or tablet:

PSafe Newsroom

The dfndr blog is an informative channel that presents exclusive content on security and privacy in the mobile and business world, with tips to keep users protected. Populated by a select group of expert reporters, the channel has a partnership with dfndr lab's security team. Together they bring you, first-notice news about attacks, scams, internet vulnerabilities, malware and everything affecting cybersecurity.