A new Android malware called Event bot steel banking password and two factor codes

Security researchers found a new malware that target banking information like card details , NetBanking user id , password and crypto currency wallets.
Security researchers found a new malware that target banking information like card details , NetBanking user id , password and crypto currency wallets.
Event bot malware techyleaf

Researchers from security firm cybereason recently discovered the malware in some popular application like Adobe flash , microsoft word for Android which interfere with the Android accessibility features to obtain root access of mobile phones.

Once the App is installed on the victim's phone , it will gain access of security information like password from banking apps like Paypal,coinbase, capital one and dozens of other banking apps.

It attacks nearly 200 banking and crypto currency apps.it also read the two factor authentication codes.

With this sensitive information hackers can easily withdraw money from bank account and different payment wallets.

This malware is developed so complicated way that it can read notification of victim's phone. It can also read other applications informations. Basically hacker has the complete access over the phone.

This malware continuously send banking details to its server.it can also update regularly to add new malicious features. The developers behind this malware improve the encryption technology over the time to send the data to its server securely.

They improve their features to gain complete access over the victim's payment systems.
Researchers said that the malware is completely new and source of it is yet to known. They doubted that the codes of the malware is developed by scratch.

Android malware are growing day by day as many users use their mobile phone to use banking transactions. Hacker want to hack the personal information , banking details , social media accounts information.

Google has upgraded its screening procedure in playstore and removed dozens of third-party apps from its store. But malicious apps are bypass these screening procedure and infect users.

Users must not download their apps from unauthorised stores and untrusted website where proper screening is not happening.
So better to download apps from trusted source and save your privacy.