Malware Dropper Used to Infect Banking Apps
Malware droppers hide inside an application and are only activated after you install the infected apps. After installing an infectious app, the dropper decompresses itself and installs malware termed as ‘AlienBot Banker’, a variant that specifically injects malicious code into financial applications.
The malware does not only infect banking apps but it also gives remote access of your mobile phone to third parties.
After your phone is infected, cyber attackers can take full remote access of your device. They can hijack banking apps, install any other application, transfer money from your bank wallet accounts and also intercept two-factor authentication codes.
“Upon taking control of a device, the attacker has the ability to control certain functions, just as if they were holding the device physically, like installing a new application on the device, or even control it with TeamViewer,” researchers said.