Banking malware threats are increasing as cybercriminals target the rising popularity of mobile banking on smartphones with plots aimed at stealing personal banking credentials and credit card information, according to the Nokia 2021 Threat Intelligence Report.
The report, based on data aggregated from network traffic monitored on more than 200 million devices globally, showed an 80% year-on-year increase in the first half of the year in the number of new banking trojans, which also try to steal SMS messages containing one-time passwords.