A new malware has been found to target debit, credit cards and online banking transactions made through Android mobile handsets, according to Russian cyber security firm Kaspersky Lab.
According to antivirus specialists, the malware is a variation of the Sypeng Trojan and was currently configured to mimic Russian banks as a mobile banking app. It replaces the open window with its own to discover the password and has already spread to a number of countries including the US, Germany, Belarus and Ukraine.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The company has warned Android users to be aware of the malware and proposed some steps such as switching off ‘allow installation from unknown sources’ in security settings, using Google Play to download apps, not using non-trusted third-party app stores, and checking permission requested by new app among others.
Kaspersky Lab senior malware analyst Roman Unuchek was quoted by humanipo as saying that the Trojan phishes for credit card and online banking credentials continuing the well established track record of monetary theft from unsuspecting victims on the platform.
"No doubt, we will see new versions of the Trojan that will able to steal from clients of various banks in multiple countries very soon.
"The current version spread itself using SMS spam, but other variations might utilize another infection tactic," Unuchek added.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
