Report: Over 1B Google Play downloads for financial apps targeted by malware

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Mobile banking, investment, payment and cryptocurrency apps, targeted by ten fertile families of Trojan horse malware, have been downloaded 1,012,452,500 times globally from the Google Play Store, according to a recent report from Zimperium.

Researchers identified Tibot as the Trojan malware targeting the largest number of mobile financial applications (410), followed by ExobotCompact.D / Octo (324). The most targeted banking application “BBVA Spain | Online Banking, “which has been downloaded more than 10 million times, and is targeted by six out of 10 banking Trojans. The top three mobile financial applications targeted by Trojans focus on mobile payments and alternative asset investments, such as cryptocurrency and These apps are responsible for over 200,000,000 downloads globally.

The report reveals that the banking and financial services sector is experiencing increasingly sophisticated attacks by Trojans that endanger financial institutions and their customers. These attacks pose a variety of threats to users, some of which are used for hateful activity to capture keystrokes or steal credentials and are capable of stealing money directly from other victims. With the global reach of consumers using mobile apps for all types of banking and investment activity, the level of attack has increased with more rewards and less physical risk for criminals than they face theft from a bank location.

Most targeted countries.  The US tops the list with 121 applications, followed by the UK at 55 and Italy at 43.

No region is immune to these attacks. As the Banking Trojan continues to undergo developmental updates with new features and capabilities, both users and financial institutions face the growing risk of this global economic crisis. U.S. It is the most targeted region, with 121 financial applications targeted by the banking Trojan, responsible for more than 286,753,500 downloads. The UK and Italy are targeted with 55 and 43 apps, respectively.

Zimperium’s research team analyzes millions of applications every day with state-of-the-art machine learning models and other proprietary techniques. The report tracks 639 financial applications, including mobile banking, investment, payment and cryptocurrency apps. All financial app targets in the report are available through the Google Play Store.

Read the full report by Zimperium.

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