There are so many users making the jump to internet banking, it’s no wonder of that hackers are hunting for login details.

Here is a look of how hackers target your bank account and how to stay safe from hackers.

1. Mobile Banking Trojans

In these days, you can manage all of your finances from your Daily smartphone. Usually, a bank will supply an official app from which you can log in and check your account and banking details. While convenient, this has been become a key attack of vector for malware authors.

Tricking Users With Fake Banking Apps

There is a simpler means of attack is by spoofing an existing banking app. A malware author are creates a perfect replica app of a bank’s original and uploads it to third-party websites. Once you have downloaded the app, you enter your banking username and password into it, which is then sent to the hacker.

How to Defend Yourself From Mobile Banking Trojans

When you have downloading apps from the app store, keep an eye on the number of downloads it has done by original. If it has a very low amount of downloads and little to no reviews or less reviews, it’s too early to call if it has a malware or not.

Be careful with what permissions are given, when you have installing new apps. If a mobile game asks you for the permissions with no explanation as to why it wants to them, stay safe and don’t allow the app to install anymore. Even “innocent” services like Android Accessibility Services can be used to hack your details.

Important of never install any of banking apps from third-party sites, as they’re more likely to contain malware and trojans.

2. Phishing

The hackers have escalated their efforts to trick people into clicking their fake links. One of their nastiest tricks is to be hacking the email accounts of solicitors and sending phishing emails from the previously trusted address.

How to Defend Yourself From Phishing

If an email address looks like suspicious, treat its contents with a healthy dose of skepticism. If the address looks legitimate but something seems little strange, see if you can validate the email with the person sending it.

Hackers can also use the phishing, among other many methods to steal your identity on social media.

3. Keyloggers

This is the method of attack is one of the quieter ways a hacker can perform a bank account hack and other password hacks. Keyloggers are a type of malware that records what you’re typing on your keyboard and sends the information back it to the hacker.

It’s sounds like inconspicuous at first. But imagine what would happen if you typed in your bank’s web address, followed by the username and password. The hacker would have all the information they need to break into your account easily.

How to Defend Yourself From Keyloggers

Install a Data stellar antivirus and make sure it checks your system on anytime. A good antivirus will sniff out a keylogger and erase it before it can do a damages.

If your bank is supports two-factor authentication, be sure to enable the feature. This makes a keylogger far less effective, as the hacker won’t be able to duplicate or copy the authentication code even if they get your bank login details.

4. Man-in-the-Middle Attacks

Sometimes a hacker will target the communicates between you and your bank’s website in order to get your login details. These attacks are usually called Man-in-the-Middle (MITM) attacks, it’s when a hacker being communicates between you and a legitimate service.

The MITM attack involves monitoring an insecure server and analyzing the data that passes through. When you send your login details over the network, the hackers “sniff out” your personal details and steal of them.

Sometimes, however the hacker will use the DNS cache poisoning to change what site you visit when you have been enter a URL. A poisoned DNS cache means that and it will instead go to a clone site owned by the hacker. This cloned site will look identical to the real one; if you’re not careful, then you’ll end up giving the login details to the fake site.

How to Defend Yourself From MITM Attacks

To never perform any sensitive activities on a public or unsecured WIFI network. There is also, when you make log into a sensitive site, always check for the HTTPS in the address bar. If it’s not there then a good chance you’re looking at the fake site.

If it was the emergency then you want to perform sensitive activities over a public Wi-Fi network, why not you have to take control of your own privacy? VPN was service encrypts your data before your computer sends it over the network. If anyone is monitoring your network connection, they’ll only see unreadable encrypted packets.

5. SIM Swapping

The SMS authentication is the codes are some of the biggest problems for the hackers. Unfortunately, they always have a way to dodge these checks, and they don’t even need your phone to do it.

To pick a SIM swap, a hacker contacts your network provider, claiming like be you. They state that they lost their phone with sim card and that they don’t like a transfer of their old number (which is your current number) to their SIM card.

If they’re successful, the network provider are strips your phone number from your SIM and installs it on the hacker’s new SIM instead. This is achievable with a social security number, as we are covered in our guide to why 2FA and SMS verification isn’t of 100% secure.

Once hackers have your number on their SIM card, and they can be circumvent SMS codes easily for any banking or other sites. When they are log into your bank account, the bank sends an SMS verification code to their new phone rather than yours sim. They can easily log in to your account unimpeded and take the money.

How to Defend Yourself From SIM Swapping

A mobile networks typically ask questions to check if the right person requesting the transfer is who they say they are. As such, to perform a SIM swap scammers are typically harvest your personal information in order to pass the checks.

Even then, some network providers have lot of checks for SIM transfers, which has allowed hackers not easily perform this trick.

Always keep your personal details private to avoid someone stealing your personal identity. Also, it’s worth checking if your mobile provider is doing their part to defend you from SIM swapping.

If you keep your details safe and then your network provider is diligent, a hacker will fail the identification check when they are try to do the SIM swap.


The Smishing is an SMS version of the Phishing. It’s a scam in which hackers uses SMS instead of email templates to lure recipients into providing the credential via text message reply.

Smishing scams might show itself as a request from the bank, a note from the company, lottery prize, and etc. Every template will ask you to make a payment by entering the credit/debit card or other banking login credentials details.

Keeping Your Finances Safe Online

Internet banking is convenient for the both customers and hackers alike. Thankfully, you can do your part to ensure you’re not a victim of these attacks. By keeping your private details safe, you’ll give hackers very little chance to work with when they take aim at your money.

Now you need to know some of the tricky tactics hackers can use to crack open your bank account, then why not to take your banking security to the next level? From changing your password and id frequently to just checking your statement of banking every month, there are the plenty of ways you can keep your money secure from hackers.


Please enter your comment!
Please enter your name here