Financial malware

Financial malware is a category of specialized malicious software designed to harvest financial information and use it to extract money from victims’ accounts. Because it is a rather new type of malware, it is also very sophisticated and it can easily bypass traditional security measures, such as antivirus. Financial malware is capable of persisting in the affected system for a long time until it gathers the information associated with financial transactions and it can start to leak money from the targeted account. Banking fraud cyber crimes are one of the most serious cyber threats in the current risk landscape.