The Man<\/em> is trying to access your data. The most common form, Man-in-the-Middle, involves an attacker literally playing the role of a data middle-man when a victim logs onto a secure website like online banking. In the most well-known example of this, the attacker will access data travelling across free public Wi-Fi, and the victim essentially exposes all their password and logon information as it passes by.<\/p>\nAlthough effective and relatively easy to carry out, an attacker using the Man-in-the-Middle method needs to be physically nearby to tap into your WI-FI connection. This limits the feasibility of carrying out such an attack on lots of people.<\/p>\n
The Man-in-the-Browser (MitB) method, on the other hand, uses malware to infect your internet browser. This is an important difference for a number of reasons. Firstly, it means it can readily scale to target thousands of people, without the attacker needing to leave home.<\/p>\n
Secondly, because the malware targets your internet browser, it gains access to your data before<\/em> it is encrypted for transmission to the bank\u2014negating the central security mechanism used by the majority of websites on the internet.<\/p>\nFinally, it can also be cleverly used to circumvent many of the other common security techniques used by websites\u2014including two factor authentication, and it doesn\u2019t give away any of the common security tells <\/em>which will attract suspicion from you, your antivirus software, or the bank\u2014<\/em>for example if you were redirected to a fake website.<\/p>\nFrom the attacker\u2019s point of view, MitB methods provide good options for stealing information and money, and depending on how they set it up, can allow them to interfere with the way your browser displays your online banking session in real time\u2014such as adding extra fields for you to enter passwords, or at the banks end by adding charges to your transaction or diverting your funds without anything seeming amiss to you or the bank.<\/p>\n
It\u2019s simply not possible for a bank to secure against this kind of attack because it\u2019s out of their reach. As a businessperson, you need to take control of your end of the process. Ask the people who work to protect you about the difficulties protecting transactions, they\u2019ll all focus on the end user and their computer\u2014not the bank.<\/p>\n
BankVault gives you that confidence and control of the parts of the process banks can\u2019t secure for you.<\/p>\n","protected":false},"excerpt":{"rendered":"
Why you need a secure browser.\u00a0 Whilst this recent tale of a misunderstood cybercriminal in the underworld makes for entertaining reading, it is important news to every business and their bank accounts. In March 2017, after stumbling badly through the various tests put in front of new forum sellers to validate their intentions, one particular […]<\/p>\n","protected":false},"author":2,"featured_media":6415,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,15],"tags":[],"class_list":["post-6404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-security-news","category-news"],"yoast_head":"\n
Banking Trojans Caught In The Wild - BankVault Cyber Security<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n","yoast_head_json":{"title":"Banking Trojans Caught In The Wild - BankVault Cyber Security","description":"Whilst this recent tale of a misunderstood cybercriminal makes for entertaining reading, it is important news to every business and their bank accounts.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bankvault.com\/banking-trojans-caught-wild-threat-secure-online-banking\/","og_locale":"en_US","og_type":"article","og_title":"Banking Trojans Caught In The Wild - BankVault Cyber Security","og_description":"Whilst this recent tale of a misunderstood cybercriminal makes for entertaining reading, it is important news to every business and their bank accounts.","og_url":"https:\/\/www.bankvault.com\/banking-trojans-caught-wild-threat-secure-online-banking\/","og_site_name":"BankVault","article_publisher":"https:\/\/www.facebook.com\/BankVaultOnline\/","article_published_time":"2017-05-09T08:39:08+00:00","author":"BankVault","twitter_card":"summary_large_image","twitter_creator":"@bankvaultonline","twitter_site":"@bankvaultonline","twitter_misc":{"Written by":"BankVault","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.bankvault.com\/banking-trojans-caught-wild-threat-secure-online-banking\/#article","isPartOf":{"@id":"https:\/\/www.bankvault.com\/banking-trojans-caught-wild-threat-secure-online-banking\/"},"author":{"name":"BankVault","@id":"https:\/\/www.bankvault.com\/#\/schema\/person\/76e0aa85d5ac5405b47c0760eb9ab639"},"headline":"Banking trojans caught in the wild…a threat to secure online banking","datePublished":"2017-05-09T08:39:08+00:00","dateModified":"2017-05-09T08:39:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.bankvault.com\/banking-trojans-caught-wild-threat-secure-online-banking\/"},"wordCount":870,"publisher":{"@id":"https:\/\/www.bankvault.com\/#organization"},"image":{"@id":"https:\/\/www.bankvault.com\/banking-trojans-caught-wild-threat-secure-online-banking\/#primaryimage"},"thumbnailUrl":"","articleSection":["IT security news","News"],"inLanguage":"en-AU"},{"@type":"WebPage","@id":"https:\/\/www.bankvault.com\/banking-trojans-caught-wild-threat-secure-online-banking\/","url":"https:\/\/www.bankvault.com\/banking-trojans-caught-wild-threat-secure-online-banking\/","name":"Banking Trojans Caught In The Wild - 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