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ARTHUR GOLDSTUCK: The scourge of cyber attacks on banking apps — and its antidote

Mobile tech company Upstream which warned in September that it had detected malware on 1.7-million SA mobile devices using its service in 2019

15 November 2020 - 00:06 By Arthur Goldstuck

The world barely noticed the news this week from cyber security specialists Kaspersky that a cyber attack on banking apps in Brazil was about to go global.

A hacker group called Guildma is using a banking “Trojan” that lures victims into installing the malicious file through an e-mail that implies they owe money. If victims click on a link that will supposedly give them more information about what they owe, the link activates the installation of the malware, which is then able to spy on at least 153 different mobile apps, mainly from banks and other financial services...

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