Home CioAxis India ranks fourth among countries facing most banking malware attacks

India ranks fourth among countries facing most banking malware attacks

by CIO AXIS

In 2019, 773,943 users of Kaspersky solutions were attacked by banking Trojans. Of those users, a third (35.1%) belonged to the corporate sector, which represents an increase in the number (24% -25%) that has remained fairly constant during the last three years.

According to new analysis of the 2019 financial threat landscape, 773,943 users of Kaspersky solutions were attacked by banking Trojans, and of those users, a third (35.1%) were in the corporate sector.

In 2019, 773,943 users of Kaspersky solutions were attacked by banking Trojans, and of those users, a third (35.1%) were in the corporate sector, representing an increase from the figure (24%-25%) that has remained fairly consistent for the previous three years.

According to experts, the rationale for this is clear: attacks on the B2B sector can not only provide access to banking or payment system accounts, but through employee exposure, can also compromise a company’s financial resources, according to the analysis of the 2019 financial threat landscape by Kaspersky.

Banking Trojans or ‘bankers’ are one of the most widespread tools for cybercriminals as they focus on stealing money. Bankers usually search for users’ credentials for e-payment and online banking systems, hijacking one-time passwords and then passing that data to the attackers.

The collected data also shows that Russia held its position as the most targeted nation in 2019, accounting for more than 30% of global users attacked by banking malware. It is followed by Germany with a share of over 7% and China at more than 3%. India with a share of 3% ranks 4th in this global ranking.

The key findings of the report include:

Phishing:
• In 2019, the share of financial phishing increased from 44.7% of all phishing detections to 51.4%.
• Almost every third attempt to visit a phishing page blocked by Kaspersky products was related to banking phishing (27%).
• The share of phishing-related attacks on payment systems and online stores accounted for almost 17% and over 7.5% respectively in 2019.
• The share of financial phishing encountered by Mac users fell slightly, accounting for 54%.

Banking malware (Windows):
• In 2019, the number of users attacked with banking Trojans was 773,943, a decrease compared to the 889,452 attacked in 2018.
• 35.1% of users attacked with banking malware were corporate users, an increase from 24.1% in 2018.
• Users in Russia, Germany and China were attacked most frequently by banking malware.

Android banking malware:
• In 2019, the number of users that encountered Android banking malware dropped to just over 675,000 from around 1.8 million.
• Russia, South Africa and Australia were the countries with the highest percentage of users attacked by Android banking malware.

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