Android malware files target financial transactions
More than 50 percent of Android malware files target financial transactions, G DATA's mobile malware report has revealed.
Mobile banking and online shopping are booming: 47 percent of Germans use a smartphone or tablet for their banking transactions. Another 17 percent plan to switch to mobile banking in the coming year, according to ING Bank. Nine out of ten Internet users already shop online (source: Bitkom) - that equates to 51 million Germans. A development that is putting cybercriminals on the map with special malware. Forced subscriptions through premium SMS or calls, extortion through ransomware or third-party control of money transfers with the mTan procedure: The analysis of the G-DATA-security experts has revealed that over 50 percent of Android malware has a direct financial motivation. The Mobile Malware Report of the company summarizes key cybercrime trends and forecasts for the current year.
