India ranks 7th among countries affected by banking Trojans
- Symantec released a white paper showing an increasing trend of cyber criminals penetrating the main financial institutions of India. India is rated 7th among the countries that have been affected by the banking Trojans, with around 84,000 compromised systems.
- Today, almost entire banking system is based on software applications and online setups. The growing trend of ‘banking technology’ and the poor security measures have made it possible for cyber criminals to attack banking institutions.
- In the past year, the banking Trojans have penetrated more than 1400 banks and attacked several computer systems all over the world. The U.S stands top in the list, with 1 million computer attacks. The second is Japan, followed by U.K., Germany, Canada, Australia, India, Italy, Mexico and Brazil.
- More and more people are using Internet to perform their banking transactions, and hence it has given a great platform for cyber criminals to play with online banking systems. Besides, Internet users in India tend to use such critical systems less judiciously, and with least care.
- According to fresh report released by Norton, around 42% consumers tend to access their banking transactions through unsecured Wi-Fi connections. About 51% of parents allow their kids to play and shop or download on the systems that are meant for working. About 55% people admit that the easiness of being connected constantly makes them overlook the possible security risks.
- Cyber security
- Trojan Horse