Android Security Team Holds off Mobile Banking Trojans in Russia

Android Security Team Holds off Mobile Banking Trojans in Russia

October 7, 2015         Written By Bill Hardekopf

The security team at Android has successfully managed to identify and stop an onslaught of mobile banking Trojans in Russia. The country has recently seen a hefty increase in mobile banking fraud, with a staggering 86% of malware for mobile banking coming from Russia.

Through advanced analysis, the Android security team is able to identify potential harmful apps (PHA) and monitor them after they are installed on Android-based phones. Google warns users when they are installing PHA on their phones to maximize safety and security.

Android users in Russia are 10 times more likely to have PHA on their phones than Android users in the United States. In March, Google began scanning Android phones for PHA in Russia on a daily basis, rather than once a week as they had done previously. As a result, Google was able to warn users about PHA sooner so they can quickly get the malware off their phones.

“During 2014, the number of attacks by this Trojan grew steadily, but at the beginning of May 2015, the numbers decreased dramatically, almost to zero,” said Roman Unuchek, a senior malware analyst at Kaspersky Labs.

The latest Android operating system, Android 6.0 Marshmallow, has also helped alleviate mobile banking fraud in Russia and around the globe. The new operating system has enhanced security features to keep Trojans off phones and prevent PHA from being installed on the phones.



The information contained within this article was accurate as of October 7, 2015. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


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About Bill Hardekopf

Bill Hardekopf is the CEO of LowCards.com and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.
View all posts by Bill Hardekopf
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