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FBI Expects Increased Targeting of Mobile Banking Applications

FBI Expects Increased Targeting of Mobile Banking Applications

image credit: pxhere

Over the past several years, mobile banking applications have seen wide adoption, and their use went up by 50% since the beginning of this year, an alert from the FBI’s Internet Crime Complaint Center (IC3) reveals.

Thus, the FBI advises caution when downloading these types of applications to mobile devices, as they might hide malicious intent.

Given the current coronavirus pandemic, individuals have become more willing to use mobile banking, and the FBI believes that cyber actors will attempt to target new mobile banking customers with app-based banking Trojans, fake banking apps, and more.

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