A new Android banking trojan known as GhostGrab has been detected, which poses a severe risk to financial institutions across various regions. This malicious software is adept at credential theft, functioning silently on infected devices by intercepting one-time passwords delivered via SMS. Security researchers have highlighted the malware’s distribution methods, which involve compromised application stores and deceptive advertisements, reflecting the growing sophistication of mobile banking threats.
GhostGrab employs a multi-layered infection strategy. Initially, it leverages social engineering techniques, masquerading as legitimate applications to gain user trust. Once installed, it requests extensive permissions, such as accessibility services, which allow it to monitor user activities and capture sensitive information without raising immediate suspicion. Researchers from Cyfirma noted its advanced capabilities to evade detection mechanisms utilized by major banking institutions, thus emphasizing the malware’s potential impact.
Beyond unauthorized access to individual accounts, threat actors behind GhostGrab utilize stolen credentials for fraudulent transactions, resulting in increased account takeover incidents. Financial institutions are responding with heightened monitoring and security advisories for customers. The malware’s technical architecture exposes its sophisticated overlay attacks and encrypted communication methods, making it a formidable challenge in cybersecurity today.
👉 Pročitaj original: Cyber Security News
