Cyber Risks · Unit 42 Palo Alto Networks

Threat Brief: Embrace Mobile Banking with Caution

Summary: The Brazilian Central Bank reported that 2017 was the first year mobile devices overtook PCs for banking in Brazil, with 24.5 billion mobile transactions against 20.6 billion PC-based ones. Unit 42 states that as mobile banking use rises globally, attackers are expected to shift focus from PC banking to mobile banking, increasing the risk of losing control of accounts.

Key Takeaway: Attackers follow people and money, and Brazil - an early adopter of Internet banking that later saw attackers target it - is the pattern Unit 42 points to; the 24.5 billion mobile transactions there mark where that attention is likely to go next.

Read the original at Unit 42 Palo Alto Networks ↗

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