Category Archives: Mobile Banking

How Fraudsters Redefine Mobile Banking Account Takeovers

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Fraudsters are constantly finding new ways to exploit vulnerabilities in the banking system, and one of the latest tactics involves stealing credit card information via mobile banking apps. This type of attack has been seen in different variations in Spain and North America and was reported for the first time at the beginning of 2023. […]

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What is Ghimob Malware?

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A new Android malware strain ‘Ghimob’ is mimicking third-party mobile (mainly banking) apps to spy and steal user data when downloaded and installed. This Trojan virus steals data from users, primarily targeting online banking and cryptocurrency. As of the end of 2020, it is believed to siphon data from more than 153 apps by asking […]

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Ginp Malware Operations are on the Rise, Aiming to Expand in Turkey

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The Ginp mobile banking malware, which emerged in late 2019, is one of the top most prevalent Android banking malware families today. It started as a simple short message server (SMS) stealer and rapidly evolved into one of the most advanced actors in the financial fraud landscape. Ginp has primarily targeted Spanish banks, but recent evidence […]

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Increased Use of Mobile Banking Apps May Lead to Cyber Attacks, FBI Warns

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The Covid-19 lockdown and stay-at-home orders have changed the way we work, shop and handle our finances. As mobile banking tools become a go-to alternative for customers who continue in the struggle of social distancing, the FBI anticipates a surge in… Continue reading Increased Use of Mobile Banking Apps May Lead to Cyber Attacks, FBI Warns→

New Android Banking Trojan Targets Spanish, Portuguese Speaking Users

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IBM X-Force recently analyzed a new Android banking Trojan dubbed “Banker.BR” that appears to be targeting users in Spain, Portugal, Brazil and other parts of Latin America.

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TrickBot Pushing a 2FA Bypass App to Bank Customers in Germany

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Our team is closely monitoring TrickBot’s developing capabilities, including its new cross-channel attacks using the TrickMo component.

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CamuBot Resurfaces With Cross-Channel, Targeted Attacks in Brazil

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Recent CamuBot activity resurfaced exactly one year after IBM X-Force researchers made the initial discovery of this malware in September 2018.

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Millennials “Swipe Right” On Fintech and Security

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Let me cut to the chase: The financial services industry is rapidly changing to satisfy its new best friend, millennials. There’s no getting around it; their sheer numbers necessitate attention. Millennials represent one in three Americans in th… Continue reading Millennials “Swipe Right” On Fintech and Security→

Easy Does It! A Timely Look Into Fraud TTPs in the Brazilian Financial Cybercrime Landscape

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In this first article of a two-part series, IBM X-Force exposes some of its research on the typical malware and tactics, techniques and procedures (TTPs) used in Brazilian financial cybercrime.

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Fortnite for Android Is a Trailblazing Risk for Mobile Banking

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CEO Tim Sweeny of Epic Games, the publisher of the wildly popular Fortnite game, is on a mission to “advance the openness of all platforms” – not to mention side-step Google’s 30% take of developer proceeds – by distribut… Continue reading Fortnite for Android Is a Trailblazing Risk for Mobile Banking→