Monday December 10, 2018
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Two New Viruses Stealing Data, Quick Heal Reports

The security researchers recommended Android users to avoid downloading apps

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Two new sophisticated Android Banking trojan viruses are exploiting mobile users’ behaviour in India to gain access to their confidential data, global IT security firm Quick Heal warned on Tuesday.

Security experts at Quick Heal Security Labs have detected “Android.Marcher.C” and “Android.Asacub.T” — the two trojans that imitate notifications from popular social applications such as WhatsApp, Facebook, Skype, Instagram and Twitter as well as some of the leading banking apps in India.

By gaining access to incoming messages through administrative privileges, these malware also allow hackers to bypass the two-factor OTP authentication typically used for securing online transactions in India, the researchers warned.

“Indian users often download unverified apps from third-party app stores and links sent through SMS and email. This gives hackers a lucrative opportunity to steal confidential information from unsuspecting users,” said Sanjay Katkar, Co-founder and CTO, Quick Heal Technologies Limited.

“The fact that we’ve detected three similar malware in less than six months indicates that hackers are now targeting mobile users, who are far more vulnerable to sophisticated phishing attacks,” he added.

Anti-virus firewall
Anti-virus firewall, Pixabay

While “Android.Marcher.C” uses the Adobe Flash Player icon to look like a genuine app, “Android.Asacub.T” mimics an Android Update icon.

Whenever users access an app on the database of these malware, they are tricked into entering sensitive information such as banking credentials, card details, and login IDs/passwords before they can continue using the app.

This is not the first time that Quick Heal Security Labs has detected such a malware.

The researchers previously raised an alert in January this year about a similar Android Banking Trojan.

Known as “Android.banker.A2f8a”, the malware was distributed through a fake Flash Player on third-party app stores and mimicked more than 232 banking and cryptocurrency apps.

The security researchers have recommended Android users to avoid downloading apps through third-party app stores or through links provided in SMS and email.

“Always keep ‘Unknown Sources’ disabled, and verify app permissions before installing any app from official stores,” the security firm said.

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Users must also keep their Google Play Protect service always ‘ON’ and install a reliable mobile security app to detect and block fake/malicious apps, it added.(IANS)

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Snapchat Could Run Out of Money Soon

WhatsApp's Snapchat "Stories" clone called "Status" has also hit 450 million daily users

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Snapchat made more interactive with 2 new features. Pixabay

With just $1.4 billion in its kitty at the end of third quarter results, the already struggling multimedia messaging platform Snapchat could even lose $1.5 billion in 2019, analysts have predicted.

Snapchat lost nearly 2 million daily active users in the third quarter this year and now has 186 million daily users.

“Snapchat could run out of money well before it’s projected to break even in 2020 or 2021,” TechCrunch reported on Sunday, quoting market research firm MoffetNathanson.

Snapchat’s daily active users number shrank 1.5 per cent to 188 million in the second quarter of 2018, down from 191 million in the first quarter this year.

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Snapchat on a smartphone device. IANS

It appears that Facebook-owned Instagram “Stories” has stalled Snapchat’s growth.

More than 400 million people use Instagram’s “Stories” feature daily to post photos and videos that disappear after 24 hours.

WhatsApp’s Snapchat “Stories” clone called “Status” has also hit 450 million daily users.

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“Snap did successfully reduce the rate of its free cash flow burn from a loss of $234 million in Q2 2018 to a loss of $159 million in Q3.

“But unless Snap bounces back, it will still need either an investor or acquirer to come to its aid by 2020,” the report added. (IANS)