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
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