Singapore: An Emerging Target for Cyberthreats and Banking Trojans
IBM
X-Force researchers continuously monitor and track the activity and migration
of malicious banking Trojans around the world, and they recently observed that
Singapore is becoming a rising target for cybercrime.
Due to
the country’s unique demographics, which include a mix of Chinese-speaking and English-speaking
businesses, many of the attacks seen in western countries as well as malware
traditionally aimed at Asian targets have increasingly turned their sights to
Singapore.
The
trends that affect the country nowadays range from traditional site redirection
and content overlay to the more advanced PC and mobile malware that intercept
out-of-band authentication elements such as texted verification codes. In fact,
just a few months ago the Association of Banks in Singapore warned Singaporean
mobile phone users against mobile malware posing as a software update for the
popular messaging app WhatsApp.
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