New Android malware targets apps of Indian banks: Quick Heal

New Android malware targets apps of Indian banks: Quick Heal

Then, in order to avoid any suspicion or alarming the user, the malware displays a screen of the legitimate app that shows the user's current location, which would not normally arouse suspicion because that's what's expected of the actual app. A blog by Quick Heal Security Labs has brought to notice the existence of this malware named "Android.banker.A9480' that targets over 232 banking, cryptocurrency and e-commerce apps". It includes major Indian banks apps from SBI, HDFC, ICICI, IDBI and Axis, among others. The list also included mobile passbook apps such as IDBI Bank mPassbook and Baroda mPassbook.

The researchers noted that the trojan hid behind a fake Flash Player app on third-party app stores and exploited the popularity of the Flash Player to infect millions of devices. Once users download the malicious application, they get several prompts to activate administrative rights. Even if a user initially denies admin access, the app continues throwing pop-up windows until the user accepts.

After the initial setup, the app runs in the background and looks for 232 particular apps (mostly banking and some cryptocurrency apps). Further, if the app finds one of the targeted apps, it sends a fake notification that resembles the banking app.

As if all the trouble Uber has been through over the past year have not been enough, a new malware now specifically targets the users of the ride-hailing app. Uber users on Android are advised to watch out for a fake version of the app that mimics the Uber interface in order to steal their login credentials.

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Alongside passwords, one aim of the software - which is circulating on third-party markets - is to steal credit card details, which are often entered into mobile applications. As soon as you login, it will steal your Banking ID as well as the password. "This case again demonstrates malware authors' neverending quest for finding new social engineering techniques to trick and steal from unwitting users".

The fact that the malware can intercept all incoming and outgoing SMS from the infected device is important, given that this enables the attackers to bypass SMS-based two-factor authentication on the victim's bank account (OTP).

Nevertheless, security experts say that mobile malware hasn't affected many Uber users; it is still advised to remain vigilant and pay more attention to cyber security.

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