Thursday, July 19, 2012
Mobile Banking Updates - Jul 19
New E-Banking Trojans Target Android Users
"The security firm Trusteer reports that new Web-based attacks are targeting Android smartphone users in a campaign to circumvent two-factor sign-on features used by many banks to protect account holders. Writing on the Trusteer blog on Tuesday, CTO Amit Klein of Trusteer said that researchers there have identified new attacks against mobile banking customers that use both the SpyEye and Tatanga banking Trojans."
University Federal Credit Union Registers 20,000th Member for Mobile Banking, Reaches 25 Percent Adoption in Nine Months
"mFoundry, North America's largest mobile banking and payments provider, today announced University Federal Credit Union (UFCU) has registered its 20,000th member for mobile banking, achieving 25% adoption in the first nine months. UFCU is also experiencing strong adoption for its mobile deposit offering, an integrated component to its mobile banking applications, processing more than $2MM in mobile deposits per month."
Shady Mobile Banking App Plays Man-in-the-Mobile
"Mobile banking users from Spain, Portugal, the Netherlands and Germany have been hit by a wave of Man-in-the-Mobile attacks that seek to move funds from one account to another. The attack seems based on advanced financial malware such as the notorious SpyEye and Tatanga, two e-threats that can manipulate banking accounts to hijack transactions and hide the missing money from the account holder. This time, the Trojans use web injects to add code in the browsers of Windows users in order to trick them install an alleged mobile banking application. These prompts show up when visiting the financial institution’s web page, so the request to install the mobile app looks legit."