Mobile Banking Trojan Volume Doubles

There were nearly 200,000 new telecommunications and banking Trojans developed in 2022, an increase of 100% over the previous year and the biggest spike in mobile malware development seen in the previous six years, confirming the trend of mobile malware development being propelled forward in recent years. 

The information was provided by Kaspersky Lab’s report entitled “Mobile Threats in 2022” which can be found here. During the year, the firm also reported that 1.6 million malware installers were detected as part of its telemetry as provided by telemetry. While malware creation surged ahead in 2020, there was a decline in threat activity (down from 3.5 million in 2021 and 5.7 million in 2020), despite the surge in attacks in 2021. 

Based on the report released today, cybercriminals are increasingly targeting mobile users. They are also investing a lot of time in creating updated malware to steal financial information, making these increased activities more likely. Similarly, it stated, over the last few years, cybercriminal activity has leveled off, with attack numbers staying steady after slackening in 2021. 

The truth is that cybercriminals continue to improve the functionality of malware as well as how it spreads. 

The banking Trojan is designed to steal mobile banking credentials

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