A recent Blueliv Twitter poll, which garnered 11,380 responses during the week of November 25, 2019, indicated that approximately one-third of participants are concerned about the impact of banking Trojans (31%) and mobile malware (28%) on financial services organizations and their customers in 2020.

Threats from Botnets

Blueliv’s researchers noted a significant rise in botnets, specifically Trickbot (+283%) and Dridex (+130%). These botnets are associated with the distribution of banking Trojans and other malware families that target the financial services sector.

Mobile Apps Malware

The report also emphasized the rapid development of malware targeting mobile apps, which can facilitate criminal activities such as credential gathering and unauthorized fund transfers from users’ bank accounts.

Fraud Prevention

A strong emphasis on fraud prevention was observed, with 35% of poll respondents deeming it essential to their cybersecurity strategies. Another critical concern highlighted by the participants is the prevention of data leaks, which was identified as important by 31% of them.

Security Strategy Focus

Around a quarter (24%) of the respondents prioritized security strategies centered on regulatory and compliance requirements such as GDPR. However, an equal number (25%) cited regulatory issues as the biggest challenge for financial services institutions in developing their ongoing security programs.