Security News
A new Android banking trojan has set its eyes on Brazilian financial institutions to commit fraud by leveraging the PIX payments platform. "PixPirate belongs to the newest generation of Android banking trojan, as it can perform ATS, enabling attackers to automate the insertion of a malicious money transfer over the Instant Payment platform Pix, adopted by multiple Brazilian banks," researchers Francesco Iubatti and Alessandro Strino said.
Crooks are using an Android banking Trojan dubbed Godfather to steal from banking and cryptocurrency exchange app users in 16 countries, according to Group-IB security researchers. The security firm first detected Godfather in June 2021 and as of October, the credential-stealing malware has targeted the users of more than 400 applications.
An Android banking trojan known as GodFather is being used to target users of more than 400 banking and cryptocurrency apps spanning across 16 countries. This includes 215 banks, 94 crypto wallet providers, and 110 crypto exchange platforms serving users in the U.S., Turkey, Spain, Italy, Canada, and Canada, among others, Singapore-headquartered Group-IB said in a report shared with The Hacker News.
The threat actors behind the Windows banking malware known as Casbaneiro has been attributed as behind a novel Android trojan called BrasDex that has been observed targeting Brazilian users as part of an ongoing multi-platform campaign. BrasDex features a "Complex keylogging system designed to abuse Accessibility Services to extract credentials specifically from a set of Brazilian targeted apps, as well as a highly capable Automated Transfer System engine," ThreatFabric said in a report published last week.
Google has removed two new malicious dropper apps that have been detected on the Play Store for Android, one of which posed as a lifestyle app and was caught distributing the Xenomorph banking malware. "Xenomorph is a trojan that steals credentials from banking applications on users' devices," Zscaler ThreatLabz researchers Himanshu Sharma and Viral Gandhi said in an analysis published Thursday.
Wells Fargo customers who use Zelle to send and request payments suffer more than twice the rate of fraud and other online scams as people using other big banks, according to US Senator Elizabeth Warren. Warren chastised both financial firms in letters to their CEOs this week: she said Wells Fargo had sent her an "Evasive and misleading reply," and Zelle parent company Early Warning Services had made "Inaccurate" claims, in response to an investigation she led into banking fraud that stems from Zelle's payment system.
Roid users are often advised to get mobile apps from Google Play, the company's official app marketplace, to minimize the possibility of downloading malware. "Distribution through droppers on official stores remains one of the most efficient ways for threat actors to reach a wide and unsuspecting audience. Although other distribution methods are also used depending on cybercriminals targets, resources, and motivation, droppers remain one of the best option on price-efforts-quality ratio, competing with SMiShing," Threat Fabric researchers recently pointed out, after sharing their discovery of several apps on Google Play functioning as droppers for the Sharkbot and Vultur banking trojans.
The Robin Banks phishing-as-a-service platform is back in action with infrastructure hosted by a Russian internet company that offers protection against distributed denial-of-service attacks. Robin Banks faced operational disruption in July 2022, when researchers at IronNet exposed the platform as a highly threatening phishing service targeting Citibank, Bank of America, Capital One, Wells Fargo, PNC, U.S. Bank, Santander, Lloyds Bank, and the Commonwealth Bank.
Five malicious dropper Android apps with over 130,000 cumulative installations have been discovered on the Google Play Store distributing banking trojans like SharkBot and Vultur, which are capable of stealing financial data and performing on-device fraud. Targets of these droppers include 231 banking and cryptocurrency wallet apps from financial institutions in Italy, the U.K., Germany, Spain, Poland, Austria, the U.S., Australia, France, and the Netherlands.
As one of the oldest banking trojans - dating back to the mid-2000s - the software nasty has a number of variants and been given a few monikers, including URSNIF, Gozi, and ISFB. It's crossed paths with other malware families, had its source code leaked twice since 2016 and, according to Mandiant, is now less a single malware family than a "Set of related siblings." In a report this week, Mandiant researchers Sandor Nemes, Sulian Lebegue, and Jessa Valdez wrote that a strain of URSNIF's RM3 version is no longer a banking trojan but a generic backdoor, similar to the short-lived Saigon variant.