The Asia-Pacific digital banking platform market is set to reach $2.423.8bn by 2027, according to reports, with digitalisation in banking services and the increase in demand for mobile banking solutions driving growth. However, the rise in digital banking also places the sector at greater risk of cyber threats, including Distributed Denial of Service (DDoS) attacks, data theft due to unsecured APIs, and the use of malicious bots. Firms should balance risks and growth by pursuing advanced threat detection, regular security assessments and protection against DDoS attacks.
New Android Malware Herodotus Mimic Human Behaviour to Bypass Biometrics Detection
A sophisticated Android banking trojan named Herodotus has emerged on the mobile threat landscape, introducing groundbreaking techniques to evade detection systems. During routine monitoring of
