June 13, 2014
First Major Mobile Banking Security Threat Hits the U.S.
First Major Mobile Banking Security Threat Hits the U.S.
American Banker, By Penny Crosman
Is mobile banking safe? It's a question that's been in the back of many people's minds ever since banks introduced apps in 2009. With roughly 102 million Americans using mobile banking, the potential for hackers, phishers and other types of cyberattackers to prey on mobile banking users is vast.
But until last week, no major security event had directly threatened U.S. mobile banking users.
On Wednesday, Kaspersky Lab discovered that a breed of malware targeting mobile devices called Svpeng had made its way from Russia to the U.S. The malware, which targets Android devices, looks for specific mobile banking apps on the phone, then locks the phone and demands money to unlock it. Read more.
First Major Mobile Banking Security Threat Hits the U.S.
KasperskyFirst Major Mobile Banking Security Threat Hits the U.S.
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