You read about it in the news all the time these days: “Zeus Banking Trojan steals $1 million from U.K bank accounts”or “SpyEye: New PC virus steals your money!”
More and more people are doing their banking online and criminals go where the money is. It is clear that malware designed to steal money from online banks has become a real and actual threat.
Creating banking trojans, unfortunately, is now pretty easy. There are ready made toolkits that criminals without the technical know-how can buy in order to create their own variant. A few clicks and the criminal has created his own personal piece of nastiness, designed to steal money from specific banks or accounts. Malware-as-a-service as our own Mikko Hyppönen put it.
So what exactly is a Banking Trojan? As with any other Trojan, it is a program that has been installed to your computer one way or another without you knowing its real purpose. Once there, it simply waits quietly in the background until you access your online bank. It will then start recording the information that you enter and send it back to criminals. It can now do automatic transactions in the background or alter the information that you see in order to buy time for the attacker to use your bank credentials for fraudulent transactions. Once the criminal has gotten your bank details there is no knowing what he or she can do.
So how to you protect yourself?
Here are 4 ways to make sure that when you bank on your PC, it’s as safe as it can possibly be.
1. Keep your operating system updated.
Think of your operating system as the walls around your house that keeps developing holes. Luckily, the maker of the wall will keep patching the holes. All you have to do is update your system software. You can do this on your Windows PC by going to windowsupdate.microsoft.com. On your Mac, you can go to the Apple menu and selecting “Software Update.”
2. Keep your software updated.
The programs on your PC also develop vulnerabilities that need to be patched or you may allow criminals a foothold into your life. You can update each application individually or you can use our free Health Check, which checks all of your major applications and your operating system to make sure they’re patched and protected.
3. Don’t click on links in emails from your bank.
It’s a good idea not to click on links in an email unless you specifically asked for it, such as a password refresh. A common practices is to spoof a bank’s look and send a scam email to thousands of recipients hoping to find a few that use the bank. You can avoid this by going to your bank’s site directly and calling them if you have a question.
4. Use Internet Security that has banking protection.
F-Secure’s Banking Protection automatically detects when you’re visiting an online bank. It notifies you that additional Banking Protection is enabled and adds an extra layer of security by only allowing access to banks or trusted sites that are necessary to do online banking. All other new connections will be prevented. In other words, there is no possibility for the attacker to get your bank details. Once you’re finished with your online banking, you simply end the Banking Protection mode and everything is back to normal. Sort of like unbuckling your safety belt when you’ve reached your destination. And no extra apps, plug-ins, or special browsers are required.
Banking Protection is a part of F-Secure Internet Security 2013 and works together with all the other security layers. All existing users of F-Secure Internet Security 2013 will receive Banking Protection as an automatic update in the first quarter of 2013, and those who do not want to wait can download the update now.
We hope you enjoy the protection!
Image credit: MoneyBlogNewz
On Tuesday Apple announced its latest iPhone models and a new piece of wearable technology some have been anxiously waiting for -- Apple Watch. TechRadar describes the latest innovation from Cupertino as "An iOS 8-friendly watch that plays nice with your iPhone." And if it works like your iPhone, you can expect that it will free of all mobile malware threats, unless you decide to "jailbreak" it. The latest F-Secure Labs Threat Report clears up one big misconception about iOS malware: It does exist, barely. In the first half of 2014, 295 new families and variants or mobile malware were discovered – 294 on Android and one on iOS. iPhone users can face phishing scams and Wi-Fi hijacking, which is why we created our Freedome VPN, but the threat of getting a bad app on your iOS device is almost non-existent. "Unlike Android, malware on iOS have so far only been effective against jailbroken devices, making the jailbreak tools created by various hacker outfits (and which usually work by exploiting undocumented bugs in the platform) of interest to security researchers," the report explains. The iOS threat that was found earlier this year, Unflod Baby Panda, was designed to listen to outgoing SSL connections in order to steal the device’s Apple ID and password details. Apple ID and passwords have been in the news recently as they may have played a role in a series of hacks of celebrity iCloud accounts that led to the posting of dozens of private photos. Our Mikko Hypponen explained in our latest Threat Report Webinar that many users have been using these accounts for years, mostly to purchase items in the iTunes store, without realizing how much data they were actually protecting. But Unflod Baby Panda is very unlikely to have played any role in the celebrity hacks, as "jailbreaking" a device is still very rare. Few users know about the hack that gives up the protection of the "closed garden" approach of the iOS app store, which has been incredibly successful in keeping malware off the platform, especially compared to the more open Android landscape. The official Play store has seen some infiltration by bad apps, adware and spamware -- as has the iOS app store to a far lesser degree -- but the majority of Android threats come from third-party marketplaces, which is why F-Secure Labs recommends you avoid them. The vast majority of iPhone owners have never had to worry about malware -- and if the Apple Watch employs the some tight restrictions on apps, the device will likely be free of security concerns. However, having a watch with the power of a smartphone attached to your body nearly twenty-four hours a day promises to introduce privacy questions few have ever considered.
Our Freedome VPN service hit a new milestone this summer. We added our newest location in Paris, France and now have 11 nodes in 10 different countries: Canada (Toronto) Finland (Espo) France (Paris) Germany (Sachsen) Hong Kong Italy (Milan) Netherlands (Amsterdam) Singapore Spain (Madrid) Sweden (Stockholm) United Kingdom (London) United States (East Coast) United States (West Coast) That means regardless where you are in world, you can pick any of these locations to mask your whereabouts and use any of the services you love. Freedome also acts a VPN to encrypt your data so a free Wi-Fi network is safe for private transactions along, and it includes anti-virus, anti-tracking, and anti-phishing. It's been localized into 10 different locations and will soon be available for iOS devices. If you travel -- our just want your phone to think you're traveling -- this is the kind of protection you need. Get it now from the Google Play or iTunes store. Cheers, Sandra, UPDATED: Hong Kong and Singapore were added on September 15, 2014. [Image by jvieras via Flickr]
This May, the GameOver ZeuS botnet made history by becoming one of the largest botnets ever seized by law enforcement. Unfortunately, it's back at work. BankInfo Security's Mathew J. Schwartz explains: Nearly three months after the FBI, Europol and Britain's National Crime Agency launched"Operation Tovar" to successfully disrupt the botnet used to spread Gameover ZeuS, the malware is making a global comeback. Gameover ZeuS is a Trojan designed to steal banking and other personal credentials from infected PCs. At the time of the May law enforcement takedown, the FBI estimated that between 500,000 and 1 million PCs worldwide - one-quarter of them in the United States - were infected by the malware, which the bureau says was used to steal more than $100 million. Our Security Advisor Sean Sullivan notes that "there isn't a 'flood' of new GoZ variants". F-Secure Labs has looked at the recent threats and one of our experts has a theory about their origin. Our analyst most familiar w/ GameOver ZeuS just took a look at the latest GOZ samples. His verdict: it's very clearly the work of Slavik. — Sean Sullivan (@5ean5ullivan) August 27, 2014 Find out the latest about GoZ from Sean and Mikko Hypponen on 5 September in Threat Report Webinar live from Helsinki at 10:00 AM EST. What should you do? Our Online Scanner detects both new and old GameOver Zeus variants. Check your PC for free now. Cheers, Jason [Image by delunula dot com]