Meet EventBot: The Malware Thief That Can Steal Your 2FA Codes and Bank Passwords
Are you one of the 57 million people in the U.S. who rely on mobile banking to check balances, send and receive cash, and conduct other critical financial operations? If so, beware. EventBot is a new, sophisticated bit of malware that can hack into your banking passwords and two-factor authentication codes. The good news is that there are ways to protect yourself not just from EventBot but also similar programs that hackers may develop in the future. Read on to discover how to use technology to its full potential while ensuring your valuable financial information doesn’t fall into the wrong hands.
How EventBot Steals Your Data
EventBot looks like a legitimate app. It can pass as Microsoft Word, Adobe Flash, or other commonly used programs. However, once you install it on your phone, it gets to work, quietly logging keystrokes and reading your notifications and text messages. All the information is then sent to the app’s developer, who can do with it as he or she pleases. Users are unlikely to notice that anything is wrong until one or more accounts are hacked.
Some of the many banking apps that EventBot can breach include:
- PayPal Business
- CapitalOne UK
- HSBC UK
- Santander UK
How To Protect Yourself From EventBot
Researchers who have been tracking the program since its inception point out that the program is continually being improved; however, it still hasn’t been able to get listed on Google Play. Mobile phone users who inadvertently download EventBot typically visit third-party app websites that advertise free downloads for apps that are usually for sale on Google Play.
Sticking to legitimate app stores is one right way to protect your phone from EventBot and other forms of malware, but it’s not the only measure you should take. Some other precautions that you’ll want to have in place include:
- Install an anti-virus program on your phone and keep it updated
- Read reviews and app details when downloading apps from Google Play and other legitimate sites.
- Never download an app from a link sent by SMS or email, even if the link comes from a friend or colleague.
- Check URLs carefully before clicking on them.
- Avoid using unsecured Wi-Fi networks.
Business Protection From EventBot
EventBot could potentially destroy a business by giving a hacker access to an entire firm’s financial information. All it takes is one phone infection for the malware to gain access to a whole company’s network and all their accounts.
Company owners who want to protect their systems from EventBot and other forms of malware can take the following steps.
- Offer ongoing employee cybersecurity training and monitoring to ensure staff members know how to keep their devices safe and are following company cybersecurity guidelines at all times.
- Use strong endpoint security so users can connect devices to the company network without exposing network information to unauthorized third parties.
Why Partner With Technology Advisory Group?
Technology Advisory Group specializes in providing cutting-edge, top-tier IT managed services to business owners throughout Rhode Island and the New England area. We offer a comprehensive IT cybersecurity audit coupled with customed advice to help you create a secure network that meets your exact needs. We also provide 24/7 monitoring, IT consulting, backup and data recovery services, and cloud services to help you transition your apps and/or files to a cloud storage server.
As EventBot’s development clearly shows, hackers are continually adapting and improving their methods. Individuals and business owners will need to take added precautions to keep valuable financial information safe while still taking advantage of all that mobile banking technology has to offer. Get in touch with us at your convenience to get the professional help that will prepare your company to face down current and future malware apps to remain safe and thriving in the years ahead.