16 July 2018
Visit www.avoka.com

BioCatch warns of RAT-in-the-Mobile malware

18 February 2016  |  3571 views  |  0 Source: BioCatch

BioCatch, the global leader in Behavioral Authentication and Malware Detection, announced today that its behavioral authentication platform is the first to successfully detect Remote Access and RAT-in-the-Mobile (RitM) malware, in real time.

As the adoption of mobile banking continues to grow, attacks on mobile devices are rapidly increasing, with remote access trojans (RATs) becoming the primary tool of attack for fraudsters to gain access to users’ online mobile banking accounts. A recent discovery by BioCatch researchers, which exposed a vulnerability in one of the top-three online payment services in the world, demonstrates the need for the rapid adoption of RAT detection software.

The past year has seen a rise in the use of RAT access technology and financial malware such as, Dyre, Dridex, and Neverquest that gives criminals the ability to access a user’s browser, login to their account and submit fraudulent transactions.

This variant of remote access attack, RAT-in-the-Browser (RitB), has gained steady popularity among fraudsters due to low detection rates. Security teams have a difficult time detecting fraudulent activity, as sessions can continue to look normal without raising red flags. Existing fraud detection solutions are ineffective at detecting RitB attacks, since both device and network are recognized and trusted and there are no signs of automated scripts.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit www.aciworldwide.comVisit info.nice.com

Top topics

Most viewed Most shared
Flux ready for take-off on Barclays Launchpad; scores trial with Costa CoffeeFlux ready for take-off on Barclays Launch...
10538 views comments | 4 tweets | 9 linkedin
Handelsbanken trials micro contactless cardsHandelsbanken trials micro contactless car...
9539 views comments | 18 tweets | 30 linkedin
PayPal ready to spend $3bn a year on acquisitionsPayPal ready to spend $3bn a year on acqui...
8092 views comments | 13 tweets | 17 linkedin
Championing financial inclusion and helping the UnstoppablesChampioning financial inclusion and helpin...
8036 views comments | 3 tweets | 1 linkedin
No greater change will occur than that in financial servicesNo greater change will occur than that in...
7639 views comments | 7 tweets | 13 linkedin

Featured job

to GBP £120K base, double ote, benefits
Frankfurt, Germany

Find your next job