Financial malware is malicious software that is designed to give hackers access to data that will allow them steal money. And. it’s on the rise.

Infact, Kaspersky Labs detected attempts to launch malware capable of stealing money through online banking on 1,966,324 computers last year, an increase of 2.8% compared to 2014.

Over the last few years, lucrative and high profile hacks have proliferated as the software used to perpetrate attacks has become more sophisticated. Unfortunately, the growing variety of financial malware makes it particularly difficult for antivirus software to track and block attacks.

Here’s a look at 5 of the most pernicious examples:

1. Zeus

The trojan Zeus is arguably the most successful piece of banking malware ever written. It attacks Windows computers and steals confidential information including banking credentials and passwords, and has affected millions of computers around the world since it was first introduced in 2007.

2. SpyEye

SpyEye is another Trojan horse that has infected around 1.4 million computers around the world. The malware is used to steal banking details by logging infected computer users’ keyboard strokes and taking screenshots of the machine.

3. TorPig

TorPig is a botnet that is conveyed by a Trojan horse called Mebroot on Windows computers. The botnet’s aim is to steal login details for bank accounts and other financial services, which it scans infected computers for. Torpig is difficult to detect because it hides its own files and encrypts its logs.

4. Vawtrak

Vawtrak is a highly-sophisticated Trojan horse designed specifically to gain access to online banking. This new piece of malware can spread itself via social media, email and FTP and it can hide the details of its bank fraud by changing a bank balance when a victim checks it.

5. Bebloh

Bebloh is a Trojan horse that steals login details and interferes with online banking transactions. Bebloh is generally used to steal the login details and set amounts of money from victims’ bank accounts. The hacker’s identity is protected by transferring the money through a third online party.

How To Protect Your Business

Financial malware is becoming increasingly dangerous and presents a serious threat to both individuals and companies. While individual attacks can be bad, a successful hack on business bank accounts can be catastrophic.

While full up to date security software is a vital first line of defense, it’s no longer enough. With financial malware constantly evolving and capable of hiding its tracks, there will always be programs that slip through the net.

One Solution – Employee Monitoring Software

For businesses, employee monitoring software is an excellent additional defense.

Solutions such as KnowIT can be installed remotely onto all your company computers, smartphones and tablets. From there they can monitor exactly what websites and apps your employees use as well as their emails and other communications. Managers can also choose to monitor sensitive files or be alerted whenever certain keywords are entered. It’s a great way to ensure your team aren’t using any apps or websites that might jeopardize company security and monitor for any unusual behaviour.

To learn more about KnowIT click here.