Zimperium also found that some 75% of the phishing sites it analyzed targeted mobile devices.

NCC Group researchers say the incident could put the financial data and money of users at risk, requiring financial institutions to invest in resources to recoup stolen funds.

Researchers say a phony site was up the morning of Feb. 3 and SMS messages were sent to customers of UnionBank of the Philippines for some three hours.

Researchers report finding a new banking trojan, dubbed "Medusa," targeting Android devices that uses the same file names as the Cabassous malware, AKA FluBot.

The cost of fraud overall for U.S. banks and lenders has leapt between 6.7% and 9.9%, according to a recent report by LexisNexis Risk Solutions.

Officials said the app will help protect Metro riders and other county residents and visitors from growing cybersecurity threats on public Wi-Fi systems throughout the greater Los Angeles area.

Cyber-criminals are upping their game to take advantage of all the financial customers who are new to the mobile platform or accessing it more frequently, said credit union executives during an SC Media Finance Conference on Tuesday.

Researchers at Salt Labs say they could submit unauthorized transactions against any customer account and find data from any customer.