Banking trojans are among the most insidious threats to both cybersecurity and personal financial security—and attacks are becoming more common. In 2020, the FBI warned that banking trojan attacks were likely to surge as more people began banking online amid the pandemic.
So, what are banking trojans? Simply put, they’re malicious backdoor programs designed to steal financial information or money from online banking apps and other fintech platforms. Unfortunately for the average person, banking trojans are extremely sophisticated and frequently switch up their strategies. They can attack online banking institutions, and even drain money from personal or business bank accounts—before the account owner knows they’ve been targeted.
How do banking trojans work?
Banking trojans stealthily infect a PC, computer network, or Android app, then wait for the unsuspecting user to log in to an online bank account. Once this occurs, the banking trojan captures the user’s password and gains unauthorized access to the account.
Cybercriminals can trick users into granting account access to the banking trojans in a number of different ways:
So, what are banking trojans? They are an absolute nightmare to deal with. To help avoid getting infected by one, here are a few tips on how to keep these malicious actors from wreaking havoc:
Are you looking for help securing your website against banking trojan malware? Do you think you might have already been attacked? We can help. Contact our team today.