Kaspersky urges Sri Lanka to establish clear cybersecurity guidelines as mobile financial threats mount

Global cybersecurity giant Kaspersky is calling on Sri Lankan regulators to establish clear cybersecurity guidelines for mobile financial services amid a surge in digital threats.

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As Sri Lanka embraces a mobile-first digital economy, the growing reliance on smartphones for banking and shopping is exposing millions to significant financial cyber risks.

According to a 2024 Kaspersky cybersecurity report, the threat landscape is worsening globally, with data foreshadowing an imminent rise in similar attacks within Sri Lanka’s rapidly expanding mobile user base. The report reveals a dramatic increase in malware targeting mobile devices, with the number of affected users doubling in 2024 compared to the previous year.