Technology Banker

Switch to desktop Register Login

03-11-2012

New Blackhole Targets Mobile Banking Services

According to a report published by antivirus software developer AVG, there is a significant growth in malicious software and malicious ads with hidden malware behind images posed on social media

The report revealed details about the newly released 2.0 version of Blackhole Exploit Toolkit that targets mobile banking services.

The report shows that Blackhole continues to have the largest malware market share with 63% and has nearly 76% share of toolkits in the market.  With the release of Blackhole Exploit toolkit version 2.0 in September, it is expected that users will see an increase in the malware’s destructive capabilities, increase in market share and greater impact to users. AVG warns that users should expect more aggressive attacks from the new version of Blackhole.

AVG Threat Labs has also detected that Blackhole attacks on social networking site such as Facebook is increasing.  The attack blocks users from accessing their accounts including games and apps from the social site.

According to Yuval Ben-Itzhak, AVG Technologies Chief Technology Officer, Blackhole is a complex and powerful kit due with heavily complicated codes which makes it difficult for antivirus solutions to detect. Developers update the kit regularly, making it more challenging for antivirus to catch-up and detect attacks quickly.

As banks embrace mobile money services, they have become profitable and popular targets for cybercriminals. The new version of Blackhole can intercept authentication process and leave target's account empty in one click.

 

By Our Staff Reporter