Silent Night Banking Trojan Charges Top Dollar on the Underground

The malware-as-a-service is advanced, obfuscated and modular — and built for mass campaigns.

A descendant of the infamous Zeus banking trojan, dubbed Silent Night by the malware’s author, has emerged on the scene, with a host of functionalities available in a spendy malware-as-a-service (MaaS) model.

Custom builds can run as much as $4,000 per month to use, which researchers say is now placing the code out of the range of any but large cybercriminal groups looking to mount mass campaigns.

“The price tag is steep, especially for the Russian audience [to whom it is marketed], where 500 USD is an average rent for a small 1 bedroom apartment in the outskirts of Moscow,” Malwarebytes researchers said.

#malware #web security #banking trojan #malware analysis #malware as a service #malwarebytes #obfuscation #silent night #source code #sphinx #terdot #underground advertisement #zeus

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Silent Night Banking Trojan Charges Top Dollar on the Underground

The malware-as-a-service is advanced, obfuscated and modular — and built for mass campaigns.

A descendant of the infamous Zeus banking trojan, dubbed Silent Night by the malware’s author, has emerged on the scene, with a host of functionalities available in a spendy malware-as-a-service (MaaS) model.

Custom builds can run as much as $4,000 per month to use, which researchers say is now placing the code out of the range of any but large cybercriminal groups looking to mount mass campaigns.

“The price tag is steep, especially for the Russian audience [to whom it is marketed], where 500 USD is an average rent for a small 1 bedroom apartment in the outskirts of Moscow,” Malwarebytes researchers said.

#malware #web security #banking trojan #malware analysis #malware as a service #malwarebytes #obfuscation #silent night #source code #sphinx #terdot #underground advertisement #zeus

Top 5 Banking & Financial Software Companies, Enterprises Must Consult In 2021

The usage of banking applications has prudently increased across the world. Fintech worldwide transaction value is expected to surpass $8 million. Being the fastest growing market, it has become a major investment interest among people.

Owing to that banking software development trend is booming tremendously. Altogether, the demand for financial software companies’ services is also increasing.

**following stats show how this marketing place is changing.
**

o Worldwide, Almost 25% of people have an idea about Blockchain technology and its significance in Fintech.

o Per Goldman Sach, the worth of Fintech is estimated to be $4.7 trillion.

o Globally, there are around 12,000 opened fintech startups.

o Ant Financial is the world’s biggest fintech company, which is boasting a net worth of more than $60 billion, giving more than 10,000 jobs.

o Worldwide 46% of companies agree that AI is one of the most relevant technologies for investment.

o 46% of customers are using digital platforms and channels for personal banking enthusiastically.

From the above, it is clear that Fintech is a growing trend, and banking institutions must adopt tech trends to fulfill its customers’ expectations.

For this, banking institutions must adopt software development services from reliable & reputable banking software companies.

Though finding the right banking software development company is quite difficult, as there are a number of companies that promise expertise and quality but don’t get on expectation. If you are looking for banking software companies, don’t worry! As here, I am enlisting the top 5 banking software development companies.

The following companies I have selected by considering the following aspects:

o Experience in years and expertise (Average 8+ years)
o Technology support
o Awards and recognition received
o Rating on forums
o Services
o Hourly Price

Apart from these, I have been through a number of websites and lists enumerated for fintech and banking software development.

Top Banking & FINANCIAL Software Development Companies In 2021

As one of the top banking software companies, it’s goal is to implement & leverage its expertise in delivering one-of-a-kind financial software solutions, including payment gateways, banking system portals, digital wallets, bot financial advisors, and more. Valuecoders has more than 16 years of experience in custom software and fintech solution development; with a team of more than 450+ technology experts, they deliver increased data security and optimized ROI.

They deliver the best Fintech software solution and custom software development services to the world’s leading businesses and enterprises. The company has already delivered a blockchain-based fund transfer system called LipChain and many different types of banking solutions that enable easy and secured fund transfer. Its clientele includes 2,500 global business leaders, including small, medium enterprises, financial institutions, and more.

Read More - https://www.valuecoders.com/blog/top-and-best-companies/top-banking-financial-software-companies/

#banking software companies #banking software applications #banking software development #banking software development companies #banking software development company

Top 5 Banking & Financial Software Companies, Enterprises Must Consult In 2021

The usage of banking applications has prudently increased across the world. Fintech worldwide transaction value is expected to surpass $8 million. Being the fastest growing market, it has become a major investment interest among people.

Owing to that banking software development trend is booming tremendously. Altogether, the demand for financial software companies’ services is also increasing.

Read More - https://www.valuecoders.com/blog/top-and-best-companies/top-banking-financial-software-companies/

#banking software companies #banking software applications #banking software development #banking software development companies #banking software development services

Top 10 Trending Technologies Must Learn in 2021 | igmGuru

Technology has taken a place of more productiveness and give the best to the world. In the current situation, everything is done through the technical process, you don’t have to bother about doing task, everything will be done automatically.This is an article which has some important technologies which are new in the market are explained according to the career preferences. So let’s have a look into the top trending technologies followed in 2021 and its impression in the coming future in the world.

1. Data Science
   First in the list of newest technologies is surprisingly Data Science. Data Science is the automation that helps to be reasonable for complicated data. The data is produces in a very large amount every day by several companies which comprise sales data, customer profile information, server data, business data, and financial structures. Almost all of the data which is in the form of big data is very indeterminate. The character of a data scientist is to convert the indeterminate datasets into determinate datasets. Then these structured data will examine to recognize trends and patterns. These trends and patterns are beneficial to understand the company’s business performance, customer retention, and how they can be enhanced.

2. DevOps
   Next one is DevOps, This technology is a mixture of two different things and they are development (Dev) and operations (Ops). This process and technology provide value to their customers in a continuous manner. This technology plays an important role in different aspects and they can be- IT operations, development, security, quality, and engineering to synchronize and cooperate to develop the best and more definitive products. By embracing a culture of DevOps with creative tools and techniques, because through that company will gain the capacity to preferable comeback to consumer requirement, expand the confidence in the request they construct, and accomplish business goals faster. This makes DevOps come into the top 10 trending technologies.

3. Machine learning
   Next one is Machine learning which is constantly established in all the categories of companies or industries, generating a high command for skilled professionals. The machine learning retailing business is looking forward to enlarging to $8.81 billion by 2022. Machine learning practices is basically use for data mining, data analytics, and pattern recognition. In today’s scenario, Machine learning has its own reputed place in the industry. This makes machine learning come into the top 10 trending technologies. Get the best machine learning course and make yourself future-ready.

To want to know more click on Top 10 Trending Technologies in 2021

You may also read more blogs mentioned below

How to Become a Salesforce Developer

Python VS R Programming

The Scope of Hadoop and Big Data in 2021

#top trending technologies #top 10 trending technologies #top 10 trending technologies in 2021 #top trending technologies in 2021 #top 5 trending technologies in 2021 #top 5 trending technologies

Banking App Development Cost - 8 Hidden Factors

Since 1994, Digital banking has been here. It is a very long time, but digital banking through mobile devices is entirely new to the banking industry. It all started when Atom became the first digital-only bank in the UK.

Nowadays, Tech-savvy customers expect corporations to support their digital movement, and because of this, almost every industry has adopted technologies to stay relevant with these modern customers. Most of the newbies who plan to develop a banking app have two questions in mind: “What is the cost of developing a banking application” and “Which hidden factors affect the cost of developing a banking app?”

You can get all the answers to these questions here, because this article will take you through the cost of developing a banking app, the features of banking apps, and much other pertinent information. After reading this, you will be able to plan better for your mobile banking app development. But before directly jumping into the cost of mobile banking app development, let’s take a look at the global digital payment market size of mobile banking.

Global Digital Payment Market Size

According to GlobalNewsWire, by 2026, the Global Digital Payment Market size is estimated to reach $175.8 billion, rising at a market growth of 20% CAGR during the forecast period.

Around 23% of millennials use mobile banking apps daily.
Around 49.2% of total smartphone users use mobile banking apps.
41% of Americans said that mobile banking apps had minimized their concerns about managing finances.

Data Source: Statista

As you can see, the data clearly indicates that the percentage of smartphone users are increasing day-by-day. Therefore, by engaging in your own mobile banking app development currently, you will be able to take advantage of the growth in mobile users. But, the cost of developing a banking application depends on so many factors like the platform, features, technologies, and so on.

Mobile banking app development cost

Cost of developing a banking app depends on various factors. To give you a rough idea of the mobile banking application development cost, the total development time for a fully-featured app sums to 3760 hours. Considering hourly rate for fintech projects of $25, the cost of developing a feature-loaded banking app stands around $94k.

Banking Application Development Cost depends on different phases such as:

• Research and Planning
• UI/UX Design
• Development
• Testing
• Maintenance and Support

8 Hidden Factors of Costs of Mobile Banking App Development

1. Push Notifications

It’s not easy to imagine an app that does not utilize this necessary mobile capability. Push notifications always increase your users’ engagement with your mobile banking app and encourage the desired action. Push notifications are of three types:

1. Transactional notifications notify users about their account updates.

2. The Application-based notifications indicate when the mobile banking app requires the user’s attention, whether related to the password change requests or document submissions.

3. Promotional notifications are to grab the attention of customers to offer discounts and attractive deals.

2. Chatbot Integration

For most users, mobile banking has a steep learning curve, and due to that, the customer will require immediate assistance on various occasions. Hence, creating a chatbot for customer service is the best way for many institutions to improve their customer service availability. The chatbots will save you a lot of time and money, whilst providing customer support 24/7. But this feature has a separate development process, and therefore you have to pay separately for this.

3. Servers

Servers are where your mobile banking app will be hosted. If you are not with the largest enterprises, you will want to outsource hosting from Amazon, Azure, or Google, which will result in more costs.

4. Content Delivery Network

A CDN is a system that is used to deliver content to the app based on the origin of the content, the content delivery server, and the geographic location of the particular user. In simple words, if you have users across the globe, and they have to keep coming back to one far off location to access the content, then the app will not perform in a good way. So, if you want your mobile banking app to perform effectively, you should use a content delivery network, because it reduces the app loading time and also increases the responsiveness of the app.

5. Development Tools

If you want to use paid deployment tools like iBuildApp, Appy Pie, and IBM MobileFirst, to develop your mobile banking apps, you will need to subscribe to them over the lifespan of your app. This will also affect your banking app development cost.

6. Android and iOS Updates

As we all know, both platforms constantly release updates, and those updates require maintenance. Depending on the extent of maintenance required, the cost in the long-term can sometimes be significant.

7. APIs

Every mobile app usually has multiple third-party APIs that they interact with, especially at the enterprise level. If you make changes to any of these applications, they will require periodic maintenance of your APIs. For instance, Facebook updated their API version four times in 2016; now, what if you want to integrate with Facebook? You will need to update your app to accommodate those changes.

8. Bugs

As you know, every app has bugs, and not even a single developer can assure you that there will be no bugs in the future in your app. It’s just that sometimes they go undiscovered for months or even years. User communities are not kind to apps that are slow to address the issues that they have reported.

Conclusion

The cost of banking application development not only depend on the features of the banking application, but they are also heavily affected by the hidden factors I have mentioned. The primary issue with mobile banking app development cost is the amount of individual components that you need to gather. Each of them can cost thousands of dollars, and these costs will continue throughout the lifespan of your app. However, the rewards that come from a successful mobile banking app development project are huge.

Pro Tip: The cost of developing a banking application greatly depends on the hourly rates of programmers and the expertise of the team. FinTech experts are able to complete these projects much more efficiently.

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