PIX Payment System | Breaking Cybersecurity News | The Hacker News

A new Android banking trojan has set its eyes on Brazilian financial institutions to commit fraud by leveraging the PIX payments platform. Italian cybersecurity company Cleafy, which discovered the malware between the end of 2022 and the beginning of 2023, is tracking it under the name PixPirate. "PixPirate belongs to the newest generation of Android banking trojan, as it can perform ATS ( Automatic Transfer System ), 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 . It is also the latest addition in a long list of Android banking malware to abuse the operating system's accessibility services API to carry out its nefarious functions, including disabling Google Play Protect, intercepting SMS messages, preventing uninstallation, and serving rogue ads via push notifications. Besides stealing passwords entered

Two newly discovered malicious Android applications on Google Play Store have been used to target users of Brazil's instant payment ecosystem in a likely attempt to lure victims into fraudulently transferring their entire account balances into another bank account under cybercriminals' control. "The attackers distributed two different variants of banking malware, named PixStealer and MalRhino , through two separate malicious applications […] to carry out their attacks," Check Point Research said in an analysis shared with The Hacker News. "Both malicious applications were designed to steal money of victims through user interaction and the original PIX application." The two apps in question, which were uncovered in April 2021, have since been removed from the app store. Launched in November 2020 by the Central Bank of Brazil, the country's monetary authority,  Pix  is a state-owned payments platform that enables consumers and companies to make mone

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