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Trend Micro chief cybersecurity officer Tom Kellermann says a new hacking threat could put American banking accounts at risk.
Intrusive apps abound on both iOS and Android systems
Trend Micro VP of cybersecurity Tom Kellermann weighs in on cyber attacks and 'Quantum Dawn 2.'
When we use cellphones we become perfect marks for criminals who want us to click on their malicious links and trick us into giving away our log in credentials to mobile banking.
Trend Micro Vice president of Cyber Security Tom Kellerman discusses looming cyber attacks with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)
About 70% of computers infected with this threat are in the US, according to antivirus firm Trend Micro
Android vulnerabilities, increased online banking threats and availability of sophisticated, inexpensive malware toolkits are among the growing concerns cited in Trend Micro's Q2 2013 Security Roundup Report.
Encrypted data at some point has to be decrypted for use, and that's where the security of the system can break down. That's not the only risk, however. "If a service provider holds the keys and someone comes knocking on the door with a lawful request ... the enterprise would not know that its information has been handed over," said PrivateCore's Vice President for Marketing Todd Thiemann.
Digital desperadoes have begun hiding their larcenous activities behind blizzards of spam aimed at their victims' inboxes, according to a report released last week by a cloud security provider.
Distributed Spam Distraction attacks may last up to 24 hours, and inundate an inbox with as many as 60,000 messages, AppRiver report notes