Mobile banking vulnerabilities pose a "new and highly sophisticated danger," a top FBI official said Monday.
"Vulnerabilities in mobile banking pose another new and highly sophisticated danger, as mobile banking vulnerabilities may exist on mobile devices that are not patched, and malware can be developed to specifically target the use of mobile devices," Joseph Demarest, assistant director of the FBI's Cyber Division, said in his prepared testimony before the Senate Banking, House and Urban Affairs hearing on cybersecurity.
"One example of this type of vulnerability is the ZeusintheMiddle malware, a mobile version of the GameOver Zeus malware, which itself was one of the most sophisticated types of malware the FBI ever attempted to disrupt," he added.
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