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Banking Trojan mess: Ethiopia leads African countries - ITREALMS

Ethiopia has been identified as top in the ranking of four African countries attacked by Banking Trojans for the year 2019, reports ITREALMS.

According to Kaspersky described Banking Trojans also known as ‘bankers’ is one of the most widespread tools for cybercriminals as they focus on stealing money.

Available data sighted by 
ITREALMS showed that Ethiopia has the largest share of corporate users among those who were targeted by banking malware in African regions with 71 per cent in 2019,

This, they said showed that almost two thirds of banking malware attacks in the country were aimed at the corporate sector.

This was followed by South Africa, where this figure is significantly smaller and can be compared to the global number, reaching 30 per cent.

“Kenya and Nigeria, however, saw this parameter being lower than average, with approximately a fifth (22,5 per cent) of banking malware attacks in Kenya targeting corporate devices, compared to 13 per cent in Nigeria,” the firm showed.

A third of these attacks, 
ITREALMS gathered, in 2019 targeted corporate users, an increase from the figure (24 per cent-25 per cent) that has remained fairly consistent for the previous three years.
ITREALMS further gathered that the Banking Trojan also known as ‘Bankers’ usually search for users’ credentials for e-payment and online banking systems, hijacking one-time passwords, and then passing that data to the attackers.

Remmy Nweke/DoP

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