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Financial services mobile apps are under attack
Mobile banking is quickly changing the face of the nancial services industry. Your customers are savvy and they want to know they’re protected.
%45
of 30,000 mobile banking customers believe their current financial apps are not very secure
Lookout App Defense delivers
Lookout surveyed over 30,000 mobile banking customers, including your customers, and found that 45% of respondents believe their current nancial service apps are not very secure.1 Nearly 100% of users say this is Very Important to them — especially as active threats continue to multiply.
While today’s banking customers enjoy 24/7 accessibility, nancial institutions bene t from increased customer engagement, improved brand recognition, and a reduced cost of service.
Yet, with all the advantages mobile banking offers, it has also introduced signi cant risk. From trojans that steal login information to rogue versions of legitimate banking apps, customer privacy and security are under attack.
Financial-industry focused mobile threats are active now
At Lookout, we’re seeing an increase in the number and sophistication of actual threats targeted directly at leading nancial services companies, including:
BancaMarStealer and TauSpy
Intercepts customer login credentials
Intercepts customer login credentials
PlayBanker
Sends push noti cations for rogue versions of legitimate banking apps
Sends push noti cations for rogue versions of legitimate banking apps
Shunbad
Impersonates banking apps and steals SMS and contact data
Impersonates banking apps and steals SMS and contact data
SvPeng
Overlays fake logins on legitimate apps to steal victim’s banking credentials
Overlays fake logins on legitimate apps to steal victim’s banking credentials
15/100 devices with top financial services apps encountered a direct threat
32% of Lookout Personal devices that experienced an app threat specifically encountered trojans, spyware, surveillanceware, and other serious app threats
BancaMarStealer: a mobile banking trojan stealing customer login credentials
The BancaMarStealer malware family is an Android mobile banking trojan rst seen in May 2013. It is currently very active with over 7,500 samples being seen to date.
BancaMarStealer lures victims into unknowingly entering their credit card details by displaying legitimate looking overlays that are carefully designed to imitate the login portal of a victim’s bank. It can be con gured to target speci c banks, communicate to certain command and control servers, and supports a wide range of remote commands. Impacted banks include Bank of America, Discover, CitiBank, JPMorgan Chase, and others.
Why Lookout App Defense
On average, nearly 65 percent of respondents said they’d be more likely to use their banking app if it was secured by Lookout.
Lookout App Defense provides nancial services rms with proactive mobile app security by preventing data compromise of customer-facing mobile apps. Lookout detects mobile risks that can lead to account takeover and prevents malicious threats from accessing customer data and nancial transactions via your mobile app.
You will receive:
- Our cloud- rst architecture allows us to deploy instant threat protection without app updates, making security seamless for app developers and consumers.
- Quick and easy deployment through our SDK format.
- Security at consumer scale – With over 150 million mobile devices running Lookout, you can have con dence your app security will scale with your customers.
Need more help?
Please contact us for technical advice regarding our products and a free consultation.
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Murat Zobu
Migros Ticaret A.Ş.