Smartphones have become an indispensable tool we use to do much more than just make phone calls and send text messages, especially when it comes to our money. Pocket devices can now replace your credit card to pay at a cash register, buy and sell stocks at the push of a button, and allow you to instantly send funds to a friend while you split your check at dinner. But while this easy access to your money is convenient, it also opens up a whole new world of vulnerabilities that criminals can exploit. And now, experts warn Android users that a hack against their phones could seriously jeopardize their finances. Keep reading to see what can endanger your personal funds.
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Over the past few months, Android users have been unaware of warnings from Google and security experts about a number of new security threats targeting their devices. On June 14, the antivirus company Dr. Web announced that it had discovered that the popular PIP Pic Camera Photo Editor app on the Google Play Store contained potentially dangerous malware. Once downloaded, the program can steal the user’s Facebook login credentials, which hackers can use to commit online identity fraud, access other accounts, and send scam messages to the victim’s contacts. The sun reported.
Other threats also target user funds. In April, cybersecurity firm ThreatFabric announced in a blog post that it had discovered a new version of an infamous Trojan-style malware targeting Android known as “Octo” that allows hackers to take over any device that downloads it, giving them access to information. confidential and allow them to commit frauds linked to bank accounts. And in May, cybersecurity firm Kaspersky announced that it had discovered three apps in the Google Play Store that contain Trojan-style hacker software known as “Jocker.” The program attracts victims by pretending to be other popular applications, but once installed, the malware takes control of the device and registers the user for expensive subscriptions to other services. But now, experts warn of another circulating threat.
On June 15, cybersecurity firm F5 Labs announced that it had discovered a new type of malware aimed at Android users known as MaliBot. Experts warn that once Trojan-style software is downloaded to a device, it starts working by stealing the credentials and codes it needs to access bank accounts, cryptocurrency wallets, and other personal data. Thieves can use the information to hijack accounts and steal funds. The sun reports.
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According to the F5 Labs report, the malware hits devices disguised as other popular applications, including a legitimate cryptocurrency mining application known as The CryptoApp, which has more than a million downloads on the Google Play Store. The sun reports. They also warn that MaliBot has been linked to fake versions of a cryptocurrency application called Mining X.
Once installed, F5 experts warn that malware can take over your device, giving you control over how to receive, send, and delete text messages that you use to steal the authentication codes needed to access financial accounts.
Fortunately, F5 experts say there are some simple ways to avoid falling victim to this latest cybersecurity threat. They recommend downloading only applications or software from trusted official sources, such as the Google Play Store. However, since security threats still escape, it’s best to always research the developers and read comments before installing a new program on your device. If you begin to question the authenticity of a program, remove it immediately and change your passwords and security credentials in any of your sensitive accounts.
Kaspersky cybersecurity experts have also advised to be wary of the strange behavior of newly downloaded applications, especially how they request permission for the features of your device. They warn of “allowing only access to notifications for applications that need it to perform their purposes, such as transferring notifications to portable devices. Applications for themed wallpapers or photo editing do not require access to your notifications.” .
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