India ranks third globally in financial Trojan infections

India ranks third among countries with high number of financial Trojan infections, where cybercriminals defraud customers of online banking services, security solutions firm Symantec announced on 29th March 2016.
•    India has moved up from 5th position in 2014 to rank 3 in 2015, although global detections have dropped, Symantec said in a report.
•    The report said India has consistently moved up the rankings for countries with the most number of financial Trojan infections over the last three years.
•    Using financial Trojans to defraud customers of online banking services is still a popular method among cybercriminals looking to make a profit, it added.
•    The total number of financial Trojan detections continued to decrease in 2015, with a 73 per cent drop compared to the previous year, Symantec added.
•    Globally, the financial sector was the highest targeted sector in January with 40.2 per cent of all spear-phishing attacks, it added.
•    Users should monitor bank statements regularly for suspicious activity and notify financial institution of any strange behaviour while using their service.