News & Comment: The source code of the Exobot Android banking trojan has been leaked online

The source code of the Exobot Android banking trojan has been leaked online

NEWS: The source code of the Exobot Android banking trojan has been leaked online, researchers already verified its authenticity. Read full article 

COMMENT:

Ryan Wilk, VP of Customer Success, NuData Security, a Mastercard company:

“As bank robber, Willie Sutton would say, ‘banks are where the money is.’ This is why bank websites and banking apps are under constant attack. The release of any mobile banking malware will quickly ripple across the devices. The data this malware is targeting will impact not only banks and their customers but also eCommerce companies and other industries.

Personally identifiable information extracted from Exobot-infected devices will quickly find its way to the dark web, where it can be used against the account holder’s account as well as other online accounts.

New technologies such as passive biometrics and behavioral analytics are helping banks and eCommerce industries to protect against attacks with stolen credentials. By verifying users looking at their behavioral information instead of personally identifiable information, fraudsters are not able to access the protected environment, even when using the correct credentials. These technologies also ensure a frictionless experience for customers as the security happens behind the scenes in real time.”