Lagos - Security experts have identified an aggressive application
that attempts to monitor communications on Android smartphones, an
industry firm announced on Monday.
The iBanking application is able to spy on phone calls and
SMSes on Android phones and tricks users into installing a fake Facebook
Once installed, it demands a phone number so that hackers can take over a user's bank account.
bot is extremely invasive; hackers are able to listen to calls been
made, intercept SMS messages and even listen to your private
conversations. Of course, If they have this much power of your phone,
they can most certainly break into any online banking," warned Lee
Bristow, security consultant at ESET Southern Africa.
The company specialises in security solutions with a focus on antivirus software. The firm is based in Bratislava, Slovakia.
of the warning signs include the fact that the application is hosted on
a third party site and is riddled with spelling and grammar errors.
to research from mobile industry tracker Gartner, Android powers around
80% of smartphones globally and the result is that it makes an ideal
target for criminals.
As many new users come online with Android devices - especially those
have skipped PCs - hackers are likely to exploit them in order to steal
personal data that could be used in criminal endeavours.
Android users should ensure that it is generally safer to only install apps from the official Google Play Store.
The iBanking app represents a new level of sophistication to try and steal user account information, said ESET.
an application that showcases complex features when compared with other
earlier mobile banking malware. It can be used in conjunction with any
malware able to inject code into a webpage and is generally used to
redirect incoming SMS messages to bypass two-factor authentication."
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