In today’s digital world, criminals are looking for new ways to invest in other people’s money and one of the potentially dangerous services where information leakage can occur is mobile banking. The most common way to hack into your personal account is malware that specifically targets smartphones.
As hackers continue to carry out fraudulent activities using our daily activities, mobile banking has become an easy target. And here’s why: a recent study showed that more than 60% of Russians use their personal account in order to manage their finances. Of course, the criminals could not help but pay attention to this and not try to take advantage of this situation. And at a time when there is a problem with skimmer fraud and theft of wallets, we all need to pay close attention to new vulnerabilities, including digital ones.
Malicious programs for smartphones are created in order to steal your credentials to log into your personal account. And they are designed for both Android and iOS.
How does malware work?
Even if you never download unverified applications, the malicious code may still be on your device. This can happen at the moment when you click on a fraudulent link in a letter or on a website, or even simply visit a regular webpage on the Internet you’ve prepared to download.
When malware is downloaded to your phone, it hangs waiting until you get access to any financial applications. Once you do this, it creates a virtual copy of your personal account, and you think you are in it. You enter the login information and at the same moment they get to the attackers. Further, this information is sold or used to commit theft of your money.
Here are some ways to protect yourself using your personal account.
Always install the latest software updates for your operating system. Developers often include a new version of the security update software and additional protection for your device. Also do not forget about antiviruses and their timely update.
No need to try to “open” the OP of your device to install unauthorized applications. Some programs ask for so-called root access for installation. Try to do without such applications on your smartphone.
If you like to use free Wi-Fi hotspots, you should understand that on such a network, your device is in a particularly dangerous proximity to scammers. Never make financial transactions if you are connected to a public network.
Do not follow links on sites and applications that you do not trust. Of course, this applies to e-mails, instant messengers and even regular text messages. For text messages should look closely. The attackers have learned to fake messages coming from large companies and banks so that it is very difficult to distinguish them from the real ones. Therefore – no opening links. If you received an SMS from your bank or another company, it is best to contact the organization directly – by phone or through the official website.
When it comes to downloading banking applications to a mobile device, make sure that you install only the official programs of your bank, which must be provided for download on the official website.
Disable automatic MMS downloading for all used messaging applications.
Your bank cards and accounts are especially vulnerable on the Internet, so it is strongly recommended that you use innovative ways to authenticate your identity. Such as fingerprint, face identification, retinal or voice retina.
And the last, but not least, advice that you probably heard more than once. Take care of your passwords. The password that you use for your personal account should not be repeated anywhere. For each individual Internet banking there must be a separate password. And do not forget to change them regularly.