Banker Trojan

A Banker Trojan is a malware designed to allow unauthorized access to a user’s online banking platforms and related processes. It functions by redirecting traffic away from online banking websites to those of the attackers.    

The Banker trojan inserts into the user’s system whenever the system is turned on. It then creates folders in which it sets registry entries every time the device’s operating system boots up. 

Banker trojans search for the specific cookie file responsible for storing financial data, extract it, and can even uninstall itself remotely upon command — erasing any traces of it ever being on the device.

Preventing Banker Trojan

  • Use a separate device for online banking: The use of a separate device for online banking will greatly reduce the chances of attackers getting access to your private financial information. 
  • Install reliable antivirus software: Antivirus has real-time scanning and detection to help keep the system free of any malware. 
  • Regularly update your computer’s software: Keeping your device’s operating system up-to-date helps keep any suspicious software at bay. With each update, security measures are implemented to combat ever-changing threats. Updated operating systems equals updated security measures against Trojans and other malware.
  • Use complex and unique passwords: We recommend using unique and complex passwords for your banking accounts. This will greatly improve security and discourage hackers from making multiple attempts. Also, avoid repeating passwords on multiple accounts and platforms. 
  • Set up two-factor authentication: Two-factor authentication affords your financial accounts an extra layer of security, as it now requires more than one step to authenticate and grant access.