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Businesses are facing a significant increase in cyber attacks. Security company Kaspersky published a new report with the findings.

Of the 770,000 Kaspersky users affected by banking Trojans, the business world accounted for 35 percent. The number of users affected rose by ten percent compared to the past three years when the increase was generally 24 percent to 25 percent. The Russian business world seems to have been hit hardest, with thirty percent of global users affected by banking malware. Germany is the second largest with seven percent, followed by China with three percent.

However, the number of victims of Android banking malware decreased by more than half, from 1.8 million in 2018 to approximately 675,000 cases in 2019. However, Russia, South Africa and Australia were especially hit hard by Android-specific malware.

Kaspersky’s security expert Oleg Kupreev claims that the desire to obtain business user data is only increasing, even though the total number of attacks on bankers decreased last year. He also warned people working from home due to the corona virus measures to remain extremely vigilant as long as the quarantine measures last.

Banking trojans

Banking trojans usually work by searching for user data for online banking systems. The trojan then hijacks one-time passwords and forwards them to the attackers. Different banking trojans operate in a completely different manner. The Zeus trojan installs itself on Windows computers through spam e-mails and downloads from known websites that are already infected. The program then uses keylogging to record the login details of the bank account and sends them back to the attacker.

The Marcher-malware uses a different method to steal data secretly. This trojan works via smartphones and uses exact replica screens of internet banking apps to place their own interface on top of the real app. Users think they are logging on to an official app but they are sending their login details straight to the hacker instead.