Mobile apps of seven larger banks in India affected with Malware – Still not yet fixed

Mobile apps of seven large banks in India infected with Malware that capable of stealing financial information, revealed by US-based digital security firm FireEye.

In India, we have seen monetarily prompt cyber-criminal groups propelling sophisticated attacks to steal funds from many potential sources: organizations, buyers, ATMs and banks.

“As India’s digital payment systems handle more transactions, they will become more lucrative targets,” Vishal Raman, India Head at FireEye told BusinessLine.

As per US-based digital security firm FireEye, banking network frauds have spread all over the world. The firm has followed such events that influenced banks in Ukraine, Ecuador and India, with misfortunes totaling more than $100 million.

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