FBI warns of increased hacking risk if using mobile banking apps
The U.S. Federal Bureau of Investigation (FBI) warned mobile banking app users that they will be increasingly targeted by hackers trying to steal their credentials and take over their banking accounts.
The alert, published on the agency’s Internet Crime Complaint Center (IC3), says that the increased usage of such apps during the pandemic could lead to more exploitation attempts targeting their users.
The FBI is anticipating that threat actors will focus their attacks on mobile banking customers since most Americans are using such services for making payments, transferring funds, and cashing checks.
“US financial technology providers estimate more than 75 percent of Americans used mobile banking in some form in 2019,” the FBI says. “Studies of US financial data indicate a 50 percent surge in mobile banking since the beginning of 2020.”
The FBI says that users and organizations can easily defend against such attacks by taking several measures that will thwart the hackers’ attempts. First of all, you should always download mobile banking apps straight from your bank’s website or official apps stores such as Google’s Play Store or Apple’s iOS App Store since all apps included are scanned for and checked for malicious behavior and content.
Users are also advised to enable two-factor authentication (2FA) or multi-factor authentication (MFA) if available since it will protect you against the vast majority of attacks.
Lastly, the FBI urges users to immediately call their banks whenever they spot any suspicious behavior while using a mobile banking app.
Reference:
https://www.ic3.gov/media/2020/200610.aspx
Contact Us
Learn more about what Techcess CyberSecurity Group can do for your business.
1-833-TXCYBER
1-833-892-9237
Techcess CyberSecurity Group
6110 Clarkson Lane
Houston, Texas 77055
Techcess CyberSecurity Group
Houston, Texas 77055