The number of Android and iPhone users hit by bank malware is skyrocketing as criminals increasingly shift to mobile devices.

In a new report, the cybersecurity firm Kaspersky says the number of smartphone users who encountered banking malware in 2024 soared 258% year-on-year.

“In 2024, the number of users who encountered mobile banking Trojans grew 3.6 times compared to 2023: from 69,200 to 247,949.”

The most active mobile malware targeting bank accounts was Mamont, commanding a market share of approximately 36.7% in 2024.

“This malware first appeared at the end of 2023 and is distributed mostly in Russia and the CIS. Its distribution schemes are ranging from ages-old “Is that you in the picture?” scams to complex social engineering plots with fake stores and delivery tracking apps.”

Countries in Europe and Asia were the most heavily impacted by mobile banking malware in the last year.

As for banking malware targeting PCs (personal computers), some of the most significantly impacted countries in 2024 were in Central Asia, Kaspersky says.

“As in 2023, the highest share of banking Trojans was registered in Afghanistan, where it rose from 6% to 9% in 2024. Turkmenistan was next (as in 2023), where the figure rose from 5.2% to 8.8%, and Tajikistan was in third place (again), where the figure rose from 3.7% to 6.2%.”

Going forward, Kaspersky’s senior web content analyst Olga Svistunova, says the level of sophistication that cybercriminals employ to reach users is only going to rise.

“Looking ahead, we expect financial phishing to become even more personalized and targeted, focusing on exploiting vulnerabilities in everyday digital habits, which will demand increased vigilance and thorough approaches to protection.”

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Blockchain security firm CertiK has revealed that $1.67 billion worth of crypto was stolen by hackers in the first quarter of 2025, a 303% rise on the previous quarter.

The figure is two thirds of the total amount stolen across 2024, although it’s worth noting that the majority of Q1’s losses can be attributed to the $1.45 billion Bybit hack.

Aside from that, CertiK analyzed 197 hacking incidents in Q1, 98 of which occurred on Ethereum.

The two largest hacks following Bybit were the $71 million Phemex heist in January and the $49.5 million exploit suffered by crypto neobank Infini.

Phishing attacks, which involve stealing a victim’s credentials to gain access to personal accounts, remains the highest attack vector accounting for 81 incidents. There were also 15 incidents of private key compromise.

Only 0.38% of stolen funds in Q1 have been returned compared to 42.09% in the previous quarter, making the adjusted loss much higher. In February no stolen funds were returned at all.

A cybersecurity incident affecting nearly half a million people has exposed personal, financial and medical information.

The mobility and assistive solutions provider Numotion says 494,000 customers are affected by a data breach witnessed between September 2nd, 2024, and November 18th, 2024, reports Security Week.

Numotion says an unknown entity managed to access the email accounts of the firm’s employees without authorization several times.

The firm says that after an extensive review, it determined that the emails in question contain sensitive customer information.

Numotion says it has “no reason to believe that anyone was trying to access personal information in the accounts,” and it’s offering identity theft protection services for users whose Social Security numbers were stolen.

“The type of information that may have been viewed varied for each individual, but could have included names, dates of birth, product information, payment and financial account information, health insurance information, medical information, and for a minority of individuals, Social security numbers and driver’s license numbers.”

Numotion says affected customers should stay vigilant and report any strange activity related to identity theft, healthcare fraud or financial fraud.

“If individuals detect any suspicious activity, they should notify the entity with which the account is maintained, and promptly report any fraudulent activity to proper law enforcement authorities, including the police and their state attorney general.”

Numotion focuses on serving people with disabilities by providing customized assistive equipment such as wheelchairs, seating and positioning gear, as well as home accessibility and medical supplies.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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