Positive technologies: fraudsters can steal money from every second mobile bank

According to the research of Positive technologies, every second mobile banking application has a vulnerability through which fraudsters can steal the money of its users.

The company selected 14 mobile apps for the Android and IOS operating systems, which were downloaded more than 500 thousand times from the Google Play and App Store.

It is noted that in 13 out of 14 applications, access to personal user data is possible. Hackers can exploit 76% of vulnerabilities in mobile banks without physical access to the device.

"None of the studied mobile banking applications has an acceptable level of security. In every second mobile Bank, fraudulent transactions and theft of funds are possible. In five out of seven applications, logins and passwords from user accounts are threatened, and bank card data may be stolen in every third application,” experts conclude.

The company's experts advise users to set a PIN code to unlock the device to limit the ability of attackers to gain physical access and never click on links from strangers in SMS and messengers.

Group-IB regularly finds vulnerabilities in banking applications, but in practice, these weaknesses are rarely used because it is easier and cheaper for hackers to use social engineering, says Andrey Bryzgin, head of the Audit and Consulting Department of the Group-IB.

Previously, Positive Technologies identified 23% more cyberattacks in the first quarter of 2020 compared to the fourth quarter of last year. The increase in cybercrime is associated with the coronavirus COVID-19.

Moreover, the number of virtual crimes began to grow. Fraudsters send emails about COVID-19 with links that lead to fake sites where users are asked to enter data from Bank cards.

source https://www.ehackingnews.com/2020/04/positive-technologies-fraudsters-can.html

Comments

Betting and Gambling Websites under Cyberattack from Chinese Hackers

Since last year's summers, Chinese hackers have been targeting South Asian companies that own online gambling and betting websites. The gambling companies in South Asia have confirmed the hacks, whereas rumors of cyberattacks on betting websites have also emerged from Europe, and the Middle East, however, the rumors are yet to confirm, says the reports of cybersecurity group Trend Micro and Talent-Jump. Cybersecurity experts claim that no money was stolen in these hacks against the gambling websites. However, hackers have stolen source codes and databases. The motive of the attack was not a cybercrime, but rather espionage intended attack to gain intelligence. According to the experts, a group named ' DRBControl ' is responsible for the cyberattack. According to the reports of Trend Micro, the hacking techniques used in this particular cyberattack incident is similar to methods done by Emissary Panda and Winnti. All of these hacking groups are from China that has launc...

Provider Volia reported to the cyber police about the intense cyberattacks on the server

Cable provider Volia appealed to the Cyber Police on the fact of fixing a DDoS attack on the Kharkov servers of the company, which has been ongoing since May 31. "For three days, from May 31 to today, the Volia infrastructure in Kharkov is subjected to cyberattacks. At first, they were carried out only on subscriber subsystems, later they switched to telecommunications infrastructure. As a result, more than 100,000 subscribers experienced problems using the Internet, IPTV, multi-screen platform, and digital TV," said the company. In total, the complete lack of access to Volia's services, according to the provider, lasted 12 minutes on May 31, 45 minutes on June 1. There was also an attack on the website volia.com, but it was managed to neutralize. "DDoS attacks were massive and well-organized. The type of attack is UDP flood and channel capacity overflow with the traffic of more than 200 GB. UDP is a protocol used for online streaming services - streaming, te...

Information security experts have warned Russians about bonus card fraud schemes.

Fraudsters several thousand times tried to illegally take advantage of discount bonuses of Russians in 2019. Some attackers gained access to customers' personal accounts, and then bought the products using bonuses, said Alexey Sizov, head of the anti-fraud department of the Application Security Systems Center at Jet Infosystems. According to him, a fraudster can register a personal account on a card that was issued to another person. The victim will accumulate points without knowing about the existence of his profile, and the attacker will write off bonuses, said Sizov. The expert added that this is mainly done by novice scammers. According to him, loyalty programs are poorly protected, unlike banking operations. He said that they are estimated at 50 billion rubles ($760 milliard) for the 30 largest retailers. Alexey Fedorov, Chairman of the Business Russia Trade Committee, said that in 2019, the number of bonus and discount thefts "increased significantly." ...

Hacking and Cyber Security News

Search This Blog