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New Android malware stealing financial data from users in India

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New Banking Android Malware

The two new Android malware aka Banking Trojans have been detected in the form of notifications from WhatsApp, Facebook, and banking apps as well by the IT security provider Quick Heal in India, the trojans overrides the administrative privileges through which it can steal the credit card data and other personal information of users.

The Trojans detected are named as follows ‘Android.Maecher.C’ and ‘Android.Asacub.T’ from which the ‘Android.Maecher.C’, uses the Adobe Flash Player icon so that the user might think it’s genuine app, while the second Trojan  ‘Android.Asacub.T’ uses the official Android update logo through which it acquires the authenticity factor.

Both the Trojans can override the administrative privileges by which they create the fake window for user to enter the banking details, and also this Android malware can gain access to the contact info, messages of users and most used app and many more by the privilege it has over devices, by which the hackers can bypass the two-factor authentication during the online transactions.

Indian users often download unverified apps from third-party app stores and links sent through SMS and email. This gives hackers a lucrative opportunity to steal confidential information from unsuspecting users,” said Sanjay Katkar, Co-founder and CTO, Quick Heal Technologies Limited.

“The fact that we’ve detected three similar malware in less than six months indicates that hackers are now targeting mobile users, who are far more vulnerable to sophisticated phishing attacks,” he added.

“Always keep ‘Unknown Sources’ disabled, and verify app permissions before installing any app from official stores,” the security firm said.

As a precaution, the user must always install the apps from Google play store and also which are verified by Google play protect. And never go for any kind of third party apps from unknown sources.

And also the user must never open any suspicious messages and links across the emails and also while surfing the Internet. Also always remember to check the link or window that appears everytime while you are entering the any kind of personal and banking details.


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