An entire network of Trojan malware affecting numerous banking institutions is ravaging the United States and Italy, among other territories.
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A report from the Zimperium security team has identified 29 malware families that have targeted 1,800 financial applications in 61 countries, including the United States, the United Kingdom, Europe, Brazil, and Thailand. In 2023, the United States was the worst-performing region, with 109 institutions affected by banking malware. After the United States, Italians would be the most affected, with 44 institutions affected, followed by the United Kingdom, with 48 institutions affected by banking malware.
Zimperium advises customers to use runtime visibility for comprehensive threat monitoring and modeling. Mobile application security leaders must ensure that all attack vectors (device, network, application, and phishing) are visible during runtime, allowing for proactive assessments of risks, threats, and attacks.
A large-scale attack particularly enticing for banking employees
In addition, Zimperium suggests implementing on-device defense for instant threat mitigation. Mobile application security leaders should prioritize the implementation of on-device defenses that allow applications to act quickly upon threat detection. It is emphasized that this functionality should be independent of network access or backend server interactions.
Mobile banking security is currently in a high-risk scenario, with numerous threat actors posing substantial risks. This report showcases the sophistication, adaptability, and scalability of banking trojans and their widespread impact on mobile applications worldwide.
Zimperium’s annual report on mobile banking heists demonstrates the development and effectiveness of mobile banking trojans globally. The Zimperium mobile security platform provides unprecedented protection for devices and applications, enabling companies to fully embrace mobile-driven operations.
Note: This content has been translated with an artificial intelligence tool, so the translation may be slightly inaccurate. The original version written by our editor is the the Spanish version