Hackers are injecting malicious code into legitimate mobile banking apps, redistributing them via phishing to enable device takeovers, credential theft, and fraud. Campaigns like GoldFactory have infected thousands, especially in Southeast Asia, amid rising Trojan attacks. Experts urge enhanced security, user education, and AI defenses to combat these evolving threats.
In August, Texas-based fintech firm Marquis Software Solutions suffered a ransomware attack exploiting a SonicWall zero-day vulnerability, stealing sensitive data from over 74 U.S. banks and credit unions, potentially affecting 400,000+ customers. The breach highlights systemic third-party risks in banking, urging stronger cybersecurity measures and regulatory oversight.
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