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Cyber-crime

Hackers prepping to launch new banking Trojan

Ever since the years of banking Trojans such as Nukebot, AzorUlt, and ZeuS to the 2020 infamous Emotet, bankers are yet to learn lessons concerning such silent cyber-attacks. Looking back at prominent cyber-attacks, it’s now common for cyber criminals to victimize the public during chaotic and confusing times, and even now as we battle the Covid-19 pandemic. In 2017 the news of banking Trojan Nukebot went viral, and cyber security experts likened this attack to a nuclear bomb, powerful enough to sweep all the cash from your online bank accounts. Hackers used the Trojan to infect banking webpages with a malicious code which allowed it to track the online banking activities of unsuspecting users, and to also reveal their secret log in information. Banking Trojan Emotet is not new, and online security experts warn that its latest development is staring into the faces of online bankers while waiting for an opportune time to strike.
What is Trojan Emotet
This Trojan operates as spyware and is spread though spam emails. Emails with Emotet may have a malicious link, script or documents which are macro-enabled. Emotet spam emails are very convincing and they a similar resemblance to genuine banking emails. This Trojan may have a current development, but its activities remain similar to other banking Trojans. Coded language to expect from Emotet spam emails are:
Your shipment is underway
Update payment details
Invoice update
Hackers who deploy the Trojan are crafty and they make accurate follow up on specific user online activities. If you buy or sell across online platforms then you are a potential target because they know that you always expect shipment or an invoice.
How do you contract the Trojan?
Online users with active account memberships are highly targeted because their payments are constant due to monthly or yearly membership renewals. Online donations are a quick way to spread charity, but you should also remember that not all charitable organizations are genuine. The worst mistake is if you unsuspectingly join an organization for charity and deliver all your banking information to them through a donation. These memberships will expose you to many spam emails even from strange websites that barely know about. Shocking also is the porous nature of social media platforms which exposes us to hacker activities.
Due to its popularity we shall use Facebook as an example. To date, the company has registered active user accounts of up to 3 million businesses worldwide. The issue of how genuine these businesses are remains a Facebook issue. However we can’t overlook the fact that some hackers own business accounts and use them to victimize Facebook users by spamming their accounts with malicious mail.
As a naïve user, you may close a business deal on Facebook by authorizing online payment only to realize later that banking Trojans such as Emotet were used to drain your bank account. Solving this mess becomes your top priority. If you don’t do it immediately the hackers will continue to monitor your account and drain it every time funds are loaded.