Brazil’s financial sector, which has long grappled with cybercrime, has a new foe. An insidious Android application is trying to steal users’ login credentials, and their money, by impersonating Brazilian banks, researchers from IBM Security said Tuesday. The malicious code is designed to steal the text messages that people use as a secondary security measure to log into their bank accounts. While focused on Brazil, the code could be repurposed to target banking sectors elsewhere, the researchers warned. It is the latest hacking tool to be aimed at Brazil’s financial sector, which has had to contend with cybercrime for years. “Malware of this type is extremely simple to redirect to other regions by changing the target list and embedded screens, thereby modifying its attack turf and potential targets,” IBM researchers Ben Wagner and Limor Kessem wrote in a blog post. Some of the Brazilian banks targeted operate in Spain, Portugal and across Latin […]
The post A malicious Android app is trying to scam Brazilian bank customers appeared first on CyberScoop.
Continue reading A malicious Android app is trying to scam Brazilian bank customers→