29 malware families target 1,800 banking apps worldwide

Mobile banking’s popularity increases the risk of financial fraud, with 29 malware families targeting 1,800 banking apps globally, according to Zimperium. The U.S. remains the prime target, while banking trojans have evolved to target cryptocurrency and social media apps apart from banking apps. To combat this, Zimperium suggests a mobile-first security strategy with advanced code protection techniques, real-time threat monitoring, and on-device protection for immediate threat response.