Kaspersky says banking trojans threaten APAC countries

cyber Security

A recent survey by B2B International and Kaspersky Lab found that APAC countries are worried about cyber threats in industry verticals.

The Consumer Security Risks Survey 2016 revealed that 67 percent of respondents in APAC countries are worried about online banking fraud.

Similarly, 63 percent said they often worry about their vulnerability when making financial transactions online.

The survey also found that 62 percent stated they would use online payments more often if they had reliable protection for financial transactions.

According to Kaspersky Security Network data, the number of banking Trojans increased 24 percent in the Philippines, 31 percent in India, 43 percent in China and 104 percent in Vietnam year-on-year in the third quarter of 2016.

Kaspersky Lab data showed that the Vietnam and India were the countries with the largest number of victims.

Other countries saw decrease in the number of victims thanks to the raised awareness of users, new government initiatives or even a geographical preference defined by the criminals behind banking Trojan malware campaigns.

Consumer concerns about financial security are well-founded; 5 percent of consumers globally have lost money online as a result of scams or fraud, with the average sum lost reaching $476.

Elsewhere, Kaspersky Lab held its annual Cyber Security Weekend for Asia Pacific Countries in Bali, Indonesia from 5-8 October 2016.

Kaspersky Security Network (KSN) cloud service statistics for July-September 2016 were unveiled at the event.

According to it, in selected Asia-Pacific countries (Australia, China, India, Indonesia, Malaysia, the Philippines, Singapore, Thailand, Vietnam), an average of 49 percent of users encountered security incidents related to local networks and removable media, and 17 percent of users faced web-related threats that were blocked by Kaspersky Lab solutions.

The number of ransomware incidents detected in APAC soared 114 percent in July and August compared to February and March.

The country with the largest number of ransomware infection attempts was India, followed by Vietnam.

Kaspersky said the increase in the number of ransomware incidents reflects the global trend. This also signals that the APAC region is becoming a target for ransomware and cryptoware campaigns.