Cyber Security News (08-Aug-2018)

1. Mobile Banking Malware Spikes, Says Kaspersky

Mobile banking trojans, designed to steal money directly from mobile users’ bank accounts, topped Kaspersky Lab‘s list of cyber headaches in the second quarter.

According to Kaspersky’s Q2 IT threat evolution report, the number of installation packages for mobile banking reached a historic high at more than 61,000.

Mobile-banking trojans are attractive to cybercriminals globally who are looking for an easy profit, according to Kaspersky. The malware typically is disguised as a legitimate app to lure people into installing it.

Once the banking app is launched, the Trojan displays its own interface overlaying the app’s interface. When the user inputs credentials, the malware steals the information.

Kaspersky mobile-security products also detected 1.74 million malicious installation packages.

Cyber Security Tips:

  • Never store your account information, such as the account number, debit and credit card PINs, on your mobile handset.
  • Never use mobile banking when you are on a public network, including free WiFi hotspots.
  • Use official apps Only For Mobile Banking.
  • Don’t click on malicious links.
  • Use social media judiciously.
  • Be wary of unsolicited calls.

 

2. Google Fixes 43 Vulnerabilities in the Android Security Patch for August 2018

After launching the Android 9.0 Pie operating system, Google released today the Android Security Patch for August 2018 to all supported devices, addressing numerous security vulnerabilities and other issues reported by users lately.

The Android Security Patch for August 2018 addresses a total of 43 security vulnerability across several components, including the framework, media framework, system, kernel and Qualcomm components, as well as Qualcomm closed-source components.

According to Google’s latest Android Security Bulletin, the most severe security vulnerability addressed in August 2018’s Android Security Patch could enable local, malicious apps to gain access to additional permissions by bypassing user interaction requirements.

The update also patches a severe vulnerability that could let remote attackers execute arbitrary code.

Cyber Security Tips:

  • Users are urged to update their Android devices to August 2018 Android Security Patch as soon as possible.

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