Financial Malware attacks have spread over the years, becoming increasingly sophisticated and multiplying typologies. Financial Institutions can experience financial malware on the web or mobile applications, such as online and mobile banking. In both cases, potential reputational damage to their online payment services is a real consequence.
Protecting digital sensitive services from becoming malware campaign targets is a priority each enterprise with consumer-facing services should have. Even if end-users are aware of best practices to prevent the introduction of malware apps in their smartphones, this is not always enough to protect them. Here, users should be safeguarded in accessing the service, preventing fraudsters from stealing and exploiting valuable information.
The Cognitive Security Platform® is specialized in real-time malware detection. Our Artificial Intelligence can recognize if a piece of malware is running in real-time, evaluating the executing context of the mobile or web app and producing a specific risk score. The information we provide about the malware is pretty specific. We can fully describe the malware family type and its capabilities in introducing danger into the service. The precise evaluation we provide lets our clients respond in real-time to the risk, choosing the proper countermeasures when needed. They can also activate awareness campaigns targeting end-users and protect them, preventing the attacker from completing the fraud. All this happens without affecting the user experience.
Consequences of Financial Malware can impact a digital business by:
• Sensitive information loss
• Reputation damage
• Opening the door to fraud
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