Security News > 2022 > June > 10 Most Prolific Banking Trojans Targeting Hundreds of Financial Apps with Over a Billion Users

10 of the most prolific mobile banking trojans have set their eyes on 639 financial applications that are available on the Google Play Store and have been cumulatively downloaded over 1.01 billion times.

These apps alone account for more than 260 million downloads from the official app marketplace.

"Octo targets 324 of the 639 applications tracked and is the only one targeting popular, non-financial applications for credential theft."

These malicious remote access tools, while hiding behind the cloak of benign-looking apps, are designed to target mobile financial applications in an attempt to carry out on-device fraud and siphon funds directly from the victim's accounts.

This involves the use of overlay attacks, pointing a victim to a fake banking login page that's displayed atop legitimate financial apps and can be used to steal the credentials entered.

"In the past decade, the financial industry moved completely to mobile for its banking and payments service and stock trading," the researchers said.

News URL

https://thehackernews.com/2022/06/10-most-prolific-banking-trojans.html