Skip to main content

First Major Mobile Banking Security Threat Hits the U.S.

June 14, 2014

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.

First Major Mobile Banking Security Threat Hits the U.S.
Kaspersky logo

About Kaspersky

Kaspersky is a global cybersecurity and digital privacy company founded in 1997. With over a billion devices protected to date from emerging cyberthreats and targeted attacks, Kaspersky’s deep threat intelligence and security expertise is constantly transforming into innovative solutions and services to protect individuals, businesses, critical infrastructure, and governments around the globe. The company’s comprehensive security portfolio includes leading digital life protection for personal devices, specialized security products and services for companies, as well as Cyber Immune solutions to fight sophisticated and evolving digital threats. We help millions of individuals and nearly 200,000 corporate clients protect what matters most to them. Learn more at www.kaspersky.com.

Related Articles Press Releases