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Android Users have Lost Money for Installing Virus Affected Apps

 

Avast has published a latest news stating that, a new malware has come up named BankBot t has targeted the account holders of large banks which includes Citibank, Well Fargo, DiBa and Chase.Customers of these leading banks were suffering for this malware which is now being terminated from Play Store. It is skilled to steal the authority and transfer lumpsum from the customer's account.

 

According to researches and news numerous Android users were victimized in the last few months. A latest version of malware stopped their entry in Google Play. An investigation was done on BankBot's current capabilities and this was done by the expert employees of Czech cybersecurity agency ESET, SfyLabs of Amsterdam and Avast which concentrate on Android related threats.

 

The virus is better known as BankBot. This virus was first found on 13th October by the researchers and it was hiding in many flashlight apps and Solitaire apps in Play Store. As soon as the user were downloading this app, the trojan was getting activated and it used to wait for the customers to sign in to pre-chosen banking apps. On 21st November 2017 gizmo.com published that the TANs (transaction authentication number) -A type of multi-factor confirmatory employed by the banks was obstructed through text message.

 

Many banking apps text security codes to users which in turn needs to be entered into the app before accessing the accounts. However, the BankBot variant enabled it to intercept these texts with security codes and forward them to attackers. There are certain precautions users can take to prevent their bank accounts from such attacks, most vital one being -screening suspecting apps and downloading from trusted sources.

 

Google has taken measures to prevent malicious app to enter in the Google Play however, hackers are utilising several tricks to break this protection. Avast stated that Google Play Protect was not aware about the fact of installation of malware by these apps as the apps itself gave the planned function and provided the code in the installation of different applications from obscure sources utilizing the Accessibility strategy by deceiving clients to allow authorizations.

» SPAMfighter News - 24-11-2017

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