A new malware-as-a-service threat is targeting hundreds of banks around the world by giving cybercriminals the tools to steal credentials and control accounts.
According to the new advice from cybersecurity firm iZOO Logic, the threat was identified as a Telegram ad for a malware developer known as BankGhost Builder.
iZOO Logic claims that BankGhost Builder is advertised as a malware generator that enables malicious actors to create and deploy banking malware. The tool claims to support more than 700 banks, including institutions in India, North America, Europe and the Asia-Pacific region.
The advisory states that the malware builder offers the ability to attack endpoints, combining paid payloads, phishing tools and identity theft into a single criminal activity.
The platform is marketed as a malware-as-a-service tool, a model that allows threat actors to rent or buy access to malware.
According to iZOO Logic, BankGhost Builder is designed to help attackers target international banks and increase the number of thefts, frauds and attempted account hijackings. The company said the threat shows how cybercriminal tools are installed and advertised to make banking attacks easier to launch.
The company said financial institutions need to monitor suspicious activity, data harvesting and fraud campaigns linked to cybercriminals emerging from banks.
iZOO Logic also claims that the BankGhost Builder feature shows the continued use of malware-as-a-service against banks and their customers.
Follow us X, Facebook and Telegram
Don’t Miss Out – Sign up to receive email notifications straight to your inbox
Swimming The Daily Hodl Mix
 
Disclaimer: The views expressed in Daily Hodl are not financial advice. Investors should do their due diligence before making any risky investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any assets including cryptocurrencies, nor is The Daily Hodl a financial advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image Created: Midjourney
