Security News > 2020 > June > FBI Expects Increased Targeting of Mobile Banking Applications
The increase in mobile banking application usage is expected to lead to a rise in exploitation too, the Federal Bureau of Investigation warns.
Over the past several years, mobile banking applications have seen wide adoption, and their use went up by 50% since the beginning of this year, an alert from the FBI's Internet Crime Complaint Center reveals.
Given the current coronavirus pandemic, individuals have become more willing to use mobile banking, and the FBI believes that cyber actors will attempt to target new mobile banking customers with app-based banking Trojans, fake banking apps, and more.
Banking Trojans, the IC3 alert notes, are usually disguised as other apps and remain dormant on devices until the user launches a legitimate banking application.
To stay protected, users should download applications from trusted sources only, such as official app stores and bank websites, the FBI says.