Poll Reveals Widespread Concern Over Banking Trojans and Mobile Malware

A recent poll indicates that about one-third of participants are worried about the impact of banking Trojans (31%) and mobile malware (28%) on financial services organizations and their clients in 2020.

Increased Activity of Botnets Linked to Banking Malware

In tracking the latest threats, Blueliv’s researchers observed a significant rise in botnet activities related to Trickbot (+283% increase) and Dridex (+130%). These botnets are associated with the distribution of banking Trojans and other malware families targeting financial institutions.

Mobile Malware Poses Rapidly Developing Threats

The report also underscores that malware designed for mobile applications is among the most rapidly developing threats to the financial sector. Features in these malware enable criminals to collect user credentials and steal funds from customers’ bank accounts.

Fraud Prevention as a Critical Element of Security Strategy

Survey findings show that fraud prevention is viewed as an essential component of ongoing cybersecurity strategies, with 35% of respondents stating it is crucial. Another major concern is unauthorized data transmission from within organizations to external parties, which 31% of the participants consider paramount.

Focus on Regulation and Compliance

About a quarter (24%) of the respondents plan to base their security strategies around regulatory and compliance requirements like GDPR. Similarly, 25% of the same group identify regulatory challenges as the biggest obstacle for financial services institutions in developing robust security programs.

The Blueliv Twitter poll collected 11,380 responses during the week of November 25, 2019.