Security researchers are sharing a new warning for financial attacks on Android devices.
The latest malware has the capability of tricking users through calls, ads, and even text messages. Similarly, they lure them into downloading malware on devices by impersonating bank officials. This leads them to a false Google Play Store page as revealed by top cybersecurity company ESet recently.
The malicious web platforms entail URLs that appear incorrect at first glance but if you’re not careful, you can clearly miss out on the small nitty gritty details and fall into the trap of installing it.
After it gets activated, malware relays details about payments from nearby cards with NFC features. It’s also known as Tap to Pay or simply Tap. Data transfers from cards to the mobile device featuring the malware and loads into the attacker’s phone.
Now, the attacker can carry out fraudulent transactions from different payment terminals. Similarly, the same technique is used to access victims’ ATMs and bank accounts without the card itself. If that’s not enough, various sophisticated techniques are used to access PINs and carry out phishing attacks.
The new malware is called NGate as it’s related to NFC research. It’s certainly alarming but the main way to get trapped is ignoring every single red flag and downloading the malicious app.
NFC is also limited by short range which is less than 2 inches and goes up to 2ft depending on what relay method is used. Today, smartphone theft keeps growing by the second. Did we mention how phone case card wallets being stolen is also on the rise? This is another way for wallets to be scanned easily through phones in your bag when you’re out in public.
We are well aware of how common banking attacks are. They are certainly not a new offering but with days and technology advancing, it’s become more and more difficult to curb them
We’ve also commonly come across scammers and hackers impersonating top companies like Google or others like Amazon and Apple. This just tricks people into thinking that they’re installing the best app. In reality, people put blind faith on the App Stores which is great but you also need to be mindful of reading reviews and doing your own research.
Remember, taking out a little time for your own security and protection is the best way to stay safe from such endeavors.
Image: Jonas Leupe / Unsplash
Read next: X Takes On Zoom And Google Meet With A New Video Conferencing Tool
The latest malware has the capability of tricking users through calls, ads, and even text messages. Similarly, they lure them into downloading malware on devices by impersonating bank officials. This leads them to a false Google Play Store page as revealed by top cybersecurity company ESet recently.
The malicious web platforms entail URLs that appear incorrect at first glance but if you’re not careful, you can clearly miss out on the small nitty gritty details and fall into the trap of installing it.
After it gets activated, malware relays details about payments from nearby cards with NFC features. It’s also known as Tap to Pay or simply Tap. Data transfers from cards to the mobile device featuring the malware and loads into the attacker’s phone.
Now, the attacker can carry out fraudulent transactions from different payment terminals. Similarly, the same technique is used to access victims’ ATMs and bank accounts without the card itself. If that’s not enough, various sophisticated techniques are used to access PINs and carry out phishing attacks.
The new malware is called NGate as it’s related to NFC research. It’s certainly alarming but the main way to get trapped is ignoring every single red flag and downloading the malicious app.
NFC is also limited by short range which is less than 2 inches and goes up to 2ft depending on what relay method is used. Today, smartphone theft keeps growing by the second. Did we mention how phone case card wallets being stolen is also on the rise? This is another way for wallets to be scanned easily through phones in your bag when you’re out in public.
We are well aware of how common banking attacks are. They are certainly not a new offering but with days and technology advancing, it’s become more and more difficult to curb them
We’ve also commonly come across scammers and hackers impersonating top companies like Google or others like Amazon and Apple. This just tricks people into thinking that they’re installing the best app. In reality, people put blind faith on the App Stores which is great but you also need to be mindful of reading reviews and doing your own research.
Remember, taking out a little time for your own security and protection is the best way to stay safe from such endeavors.
Image: Jonas Leupe / Unsplash
Read next: X Takes On Zoom And Google Meet With A New Video Conferencing Tool
