The New Trustlook Technology Page

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Trustlook is happy to announce our new revamped Technology page! Highlighting the sophisticated automation and technology behind our product, our new page shows how the Trustlook app provides the best security for your personal device.

 

Please let us know how you are liking the new page in the comments and let your friends know how much you enjoy the Trustlook app.

Banking Malware at the Next Level with Fanta SDK

The ultimate deception for the 72% of users who do mobile banking

Hackers for the Android platform have created new and elaborate tricks to gain access into a vulnerable smartphone. By controlling a device remotely and operating as the user, a hacker can change the password to a phone. The hacker then locks the device, keeping the victim frantic and busy while the hacker drains crucial banking and financial information.

This malware began to hit the security radar around Christmas 2015, when many consumers are doing holiday shopping. Online shopping and retail brick and mortars see traffic pick up speed right after the Thanksgiving celebrations, with Black Friday sales and promotional offers all throughout December. The holiday season is the perfect time for a hacker because many patrons are dipping into their bank accounts and wallets for the perfect gift. In fact, in a survey conducted by the Trustlook Research Team, 72% of Trustlook users said that they have done mobile banking. Hackers were able to access a small amount of devices, generally going undetected and without alerting clients to the security breach.

Trustlook recently discovered this dangerous form of malware, named Fanta SDK, while doing precautionary trials on malware. A user will routinely receive an email from a bank indicating that the bank has a new update to their mobile application or that the user needs to sign into their mobile account to verify personal information. Enclosed with the email will be a false link to the mobile app that actually aids the hacker in the malware deception. A consumer will typically click on the link to download or open the application. This fake app then creates a door that the hacker can walk right through into the user’s personal data and information.

If the user notices something fishy or attempts to uninstall the app, the application will reset the device with a random password or pin. This ensures that the hacker will have ample amounts of time to retrieve the information that they want while the user is left out in the cold, powerless to do anything. Often times, this breach goes unnoticed and the hacker drains the victim’s accounts before a formal complaint can even be filed.

What do our Trustlook Researchers have as advice for the best protection? Don’t download third party apps, even when they seem secure from reputable sources. Reset passwords if you become aware of a breach to keep yourself protected. Lastly, run the Trustlook app as often as possible to ensure the highest level of security at all times.

Trustlook is a Red Herring Top 100 Finalist!

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We have some really great news to report. We just learned that Trustlook has been chosen as a finalist for Red Herring’s Top 100 North America award, a prestigious list honoring the year’s most promising private technology ventures from the North American business region. Red Herring has done a thorough evaluation of our company over the past few months, and our CEO Allan Zhang has been in communication with the team at Red Herring answering any questions along the way. Hundreds of companies in the fields of security, Web 2.0, software, hardware, life sciences, cloud, mobile and others completed their submissions to qualify for the award. To be considered a finalist is very satisfying.

Red Herring finalist selections are based upon technological innovation, management strength, market size, investor record, customer acquisition and financial health. Finalists are asked to present their winning strategies at the Red Herring North America Forum in Newport Beach, CA, June 6 to 8, 2016. The Top 100 winners will be announced during a special awards ceremony the evening of June 8.