29 April 2017
Visit EBAday.com

Android malware targets bank and social media apps

04 November 2016  |  13266 views  |  1 Man holding smartphone

Cybersecurity experts are warning about new Android malware that can steal the login credentials from 94 different mobile banking apps around the world.

The malware masquerades as a Flash Player app that, once installed, appears in a phone launcher, says Fortinet. If a phone owner launches the app they see a fake Google Play screen asking for permissions that grant the malware administrator rights.

Then, when a banking app is opened, the malware creates a fake overlay, tricking victims into entering their login credentials. Among the bank apps being targeted are those of NAB, ING Direct and Citi, as well as PayPal.

In addition, the malware is also taking aim at social media apps. When users launch Facebook, Whatsapp, Snapchat, Twitter, Instagram and more, they are faced with a screen overlay asking for payment card details.

Meanwhile, due to its ability to intercept SMS communications, the malware is also able to bypass SMS-based two-factor authentication.

Fortinet says users can disable the device administrator rights through their phone settings and then uninstall the fake Flash Player.
KeywordsSOCIAL MEDIA

Comments: (1)

A Finextra member
A Finextra member | 07 November, 2016, 09:38

Would it not be useful if this story gave some examples of what the software might be called, so that we can look out for it?

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Indian banks hit by massive ATM breach

Indian banks hit by massive ATM breach

20 October 2016  |  9583 views  |  2 comments | 17 tweets | 25 linkedin
Security experts warn of new breed of bank malware

Security experts warn of new breed of bank malware

09 February 2016  |  12147 views  |  0 comments | 9 tweets | 20 linkedin
Mobile banking consumers in Singapore warned of malware threat

Mobile banking consumers in Singapore warned of malware threat

01 December 2015  |  4295 views  |  0 comments | 5 tweets | 1 linkedin
Russian cops nab alleged Nazi Android malware gang members

Russian cops nab alleged Nazi Android malware gang members

13 April 2015  |  3873 views  |  0 comments | 4 tweets | 6 linkedin
11% of Android banking apps 'suspicious' - RiskIQ

11% of Android banking apps 'suspicious' - RiskIQ

22 January 2015  |  7245 views  |  0 comments | 23 tweets | 14 linkedin

Related blogs

Create a blog about this story (membership required)
Find out morevisit vasco.com/news/PSD2-compliant-solutionsVisit capgemini.com

Top topics

Most viewed Most shared
Six global banks join Swift DLT trialsSix global banks join Swift DLT trials
7711 views comments | 15 tweets | 36 linkedin
BBVA steps up fintech acquisition strategy with purchase of OpenpayBBVA steps up fintech acquisition strategy...
6961 views comments | 17 tweets | 16 linkedin
Should central banks open up payment and settlement systems to non-banks?Should central banks open up payment and s...
5979 views comments | 22 tweets | 21 linkedin
Token raises $15.7 million as PSD2 approachesToken raises $15.7 million as PSD2 approac...
5924 views comments | 20 tweets | 20 linkedin
hands typing furiouslyMobile Technology, Its Importance, Present...
5678 views 0 | 2 tweets | 1 linkedin

Featured job

to 120K base, £300K ote, stock options
London, UK

Find your next job