mobile banking trojan | Breaking Cybersecurity News | The Hacker News

A team of security researchers has discovered a critical implementation flaw in major mobile banking applications that left banking credentials of millions of users vulnerable to hackers. The vulnerability was discovered by researchers of the Security and Privacy Group at the University of Birmingham, who tested hundreds of different banking apps—both iOS and Android—and found that several of them were affected by a common issue, leaving their users vulnerable to man-in-the-middle attacks. The affected banking apps include HSBC, NatWest, Co-op, Santander, and Allied Irish bank, which have now been updated after researchers reported them of the issue. According to a research paper [ PDF ] published by researchers, vulnerable applications could have allowed an attacker, connected to the same network as the victim, to intercept SSL connection and retrieve the user's banking credentials, like usernames and passwords/pincodes—even if the apps are using SSL pinning feature. SS

The infamous mobile banking trojan that recently added ransomware features to steal sensitive data and lock user files at the same time has now been modified to steal credentials from Uber and other booking apps as well. Security researchers at Kaspersky Lab have discovered a new variant of the Android banking Trojan called Faketoken that now has capabilities to detect and record an infected device's calls and display overlays on top of taxi booking apps to steal banking information. Dubbed Faketoken.q , the new variant of mobile banking trojan is being distributed using bulk SMS messages as their attack vector, prompting users to download an image file that actually downloads the malware. Malware Spy On Telephonic Conversations Once downloaded, the malware installs the necessary modules and the main payload, which hides its shortcut icon and begins monitoring everything—from every calls to launched apps—that happens on the infected Android device. When calls are m

The introduction of Open AI's ChatGPT was a defining moment for the software industry, touching off a GenAI race with its November 2022 release. SaaS vendors are now rushing to upgrade tools with enhanced productivity capabilities that are driven by generative AI. Among a wide range of uses, GenAI tools make it easier for developers to build software, assist sales teams in mundane email writing, help marketers produce unique content at low cost, and enable teams and creatives to brainstorm new ideas.  Recent significant GenAI product launches include Microsoft 365 Copilot, GitHub Copilot, and Salesforce Einstein GPT. Notably, these GenAI tools from leading SaaS providers are paid enhancements, a clear sign that no SaaS provider will want to miss out on cashing in on the GenAI transformation. Google will soon launch its SGE "Search Generative Experience" platform for premium AI-generated summaries rather than a list of websites.  At this pace, it's just a matter of a short time befo

The Russian Interior Ministry announced on Monday the arrest of 20 individuals from a major cybercriminal gang that had stolen nearly $900,000 from bank accounts after infecting over one million Android smartphones with a mobile Trojan called "CronBot." Russian Interior Ministry representative Rina Wolf said the arrests were part of a joint effort with Russian IT security firm Group-IB that assisted the massive investigation. The collaboration resulted in the arrest of 16 members of the Cron group in November 2016, while the last active members were apprehended in April 2017, all living in the Russian regions of Ivanovo, Moscow, Rostov, Chelyabinsk, and Yaroslavl and the Republic of Mari El. Targeted Over 1 Million Phones — How They Did It? Group-IB first learned of the Cron malware gang in March 2015, when the criminal gang was distributing the Cron Bot malware disguised as Viber and Google Play apps. The Cron malware gang abused the popularity of SMS-banking