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PhishWall Mobile SDK: A New Arsenal Against Internet Banking Fraud

In recent years, the number of internet banking fraud cases has surged, with many of them being attributable to phishing attacks. To tackle this growing issue, Hitachi Systems has introduced the PhishWall Mobile SDK, an innovative security solution tailored specifically for smartphone environments, echoing the capabilities of the PhishWall Premium designed for PCs. This new software development kit aims to protect users during online banking transactions by detecting suspicious websites that mimic legitimate financial institution sites.

Background: A Growing Challenge

According to the National Police Agency, the number of internet banking fraud cases exceeded 4,000 last year, representing more than a fourfold increase compared to the previous year. The monetary damage from these incidents amounted to approximately 8.69 billion yen. As mobile banking apps proliferate, there is an urgent need for robust security measures for smartphone users.

Despite the increasing use of mobile banking applications, security awareness among smartphone users tends to lag behind that of PC users. This gap has been exploited by cybercriminals, leading to a rise in phishing attacks leveraging sophisticated tactics, including SMS scams. The PhishWall Mobile SDK reflects Hitachi Systems' dedication to bridging this gap and providing enhanced safety for users engaging in online banking.

Key Features of PhishWall Mobile SDK

1. Verification of Website Authenticity During Installation: When a bank's mobile app integrates the PhishWall Mobile SDK, it verifies the authenticity of the websites users will access during installation. This ensures that users are protected while managing their accounts on mobile devices.

2. Protection Against Phishing Scams in Standard Browsers: The SDK empowers standard smartphone browsers to identify whether a URL is legitimate, enabling the detection of phishing sites even when users click on potentially harmful links forwarded via SMS. When a suspicious site is identified, the SDK provides a warning, effectively preventing access to fraud attempts before they can manifest.

Future Prospects: Ensuring Secure Internet Banking

Hitachi Systems remains committed to protecting clients' assets from the evolving threats associated with online banking fraud, particularly those stemming from phishing attacks. By implementing the PhishWall Mobile SDK, the company seeks to establish a more secure online banking environment for users, enabling them to carry out transactions with greater peace of mind.

Additional Insights on PhishWall Premium

For desktop users, Hitachi Systems offers PhishWall Premium, which involves software installed on client PCs. This application monitors web browser communications and detects any malicious behavior from viruses on the PC. It alerts users when they try to access suspicious sites and checks for the presence of Man-in-the-Browser (MITB) attacks, ensuring comprehensive protection for internet banking users.

About Hitachi Systems

Hitachi Systems leverages its extensive expertise in addressing various industry challenges, collaborating with Hitachi Group companies and business partners to drive digital transformation through its Lumada initiatives. The organization is committed to responsible management, aiming to address the Sustainable Development Goals (SDGs) outlined by the United Nations while fostering a truly rich society.

For further inquiries, please visit the Hitachi Systems contact page.