Your security isn’t safe anymore, a new threat on Android phones has been discovered that specifically targets cryptocurrency wallets and other financial apps such as banking apps.
This newly found threat is known as a ‘’Malware’’, which App security researchers recently discovered and ideally called it the ‘’Evenbot’’, that had a masquerades and legit recorded the malware as an app.
Just like all your MS Excel, MS Word and the Adobe flash that are recognized to abuse the Android built in features. This has clearly influenced the device operating system. This again may be regarded as a hacker system.
Once installed by a malicious person, without you being aware that your phone is being hacked, the EventBot-Infected fake app might quietly affect all passwords by putting them off affecting more than 200 banking apps with additional cryptocurrency apps such as, HSBC, PayPal, CapitalOne and Coinbase.
With the victim’s password and two factor code visible to the hacker, they may be able to break into the victims account and steal all of their remaining funds and access other secure funds such as ewallet and saving accounts.
Assaf Dahan, head of threat research at the Cybereason said, “The developer behind Eventbot has invested a lot of time and resources into creating the code, and the level sophistication and capabilities is really high.’’ He also further added “ Thus far, we haven’t observed clear cases of copy-paste or code reuse from other malware and it seems to have been written from scratch.’’
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