Page 31 - Banking Finance November 2020

ARTICLE

THE 'CERBERUS

TROJAN' : WAY

TO 'PAATAL LOK'

"Let no such man be trusted" to be the watchdog of the underworld. Here, this banking
-- William Shakespeare Trojan (a Trojan is a malicious code or software that looks
legitimate) was created in 2019 and is a malware for hire
On one side the entire world is going through tough time of for banking forums. It allows remote attackers to take
Coronavirus (COVID-19) and on the other side hackers/ control over infected android devices and can take
fraudsters are using malicious Trojan virus 'Cerberus' to steal screenshots, send, delete SMSes, and most importantly,
the users' financial data such as credit card details & Banking steal your account information.
account details.
This malicious software takes advantage of COVID-19
With the rise of cyber threats from Cerberus, the CBI has pandemic to impersonate and lure the victim by sending
put out an alert on malware that could steal your financial SMS containing COVID-19 related content to download the
information. embedded malicious link and deploys its malicious app,
which usually spread via phishing campaigns to trick users
What is Cerberus? into installing it on their smartphones.
Cerberus, in Greek mythology, a multi-headed monster said
This Trojan primarily focuses on stealing financial data such as
About the author credit card details, bank accounts information, passwords etc.
The stolen data could be used to make unauthorized
Suraj Kumar Shoundik transactions from the compromised credit card/ Bank accounts.
Manager (Research)
State Bank Institute of Credit & Risk Understanding a banking Trojan?
Management, Gurugram A banking Trojan is a malware that disguises itself as a

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