- News & Events
August 14, 2013
Australia easily ranks number one in the world in marsupials. It also leads in the use of cannabis (see the January 2012 story on abc.net.au) relative to its size, which could explain why only America and Brazil have more victims of banking malware than Australia. (Yes, mate, just joking.)
What’s no joke is the steep rise in the number of Australians and others around the globe who’ve become targets of bank cyberscammers. A report titled 2Q 2013 Security Roundup says the number of detected online banking infections in the second quarter jumped from 37,000 in April and 39,000 in May to 71,000 in June with Australia outdistancing the usual high-risk, high-bank cybercrime areas — Japan, Taiwan, Vietnam, and India.
Mobile devices appear to be responsible for the uptick. As an example, recently it was discovered that an Android “master key’ vulnerability had been exploited to “Trojanize” a South Korean online banking app.
The report concluded that one more big reason for the rise in bank cybercrime was that online banking toolkits have become cheaper or free in recent years. And the report pointed out that banks and their customers weren’t the only victims. Telecommunications, oil and gas, government, and media were also targets.
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Posted by Dan Rampe
Tags: Account Takeover, Account Takeover Fraud, Bank Fraud, Bank Malware, CNP fraud, Cookieless Device Identification, Cookies, Credit Card Fraud, Cyber attacks, Device Detection, Device Fingerprint, Device Fingerprinting, Device ID, Device Identification, Fraud Prevention, Hacking, Identity theft, Malware, Malware Protection, Man-in-the-Browser Detection, MitB, Mobile fraud, ThreatMetrix Cybercrime Index, ThreatMetrix Global Trust Intelligence Network, TrustDefender Cybercrime Protection Platform, Web Fraud