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NCC Issues Warning About New Virus That Targets Bank Information.

According to the Nigerian Communications Commission, a new high-risk and harmful malware known as 'Flubot' is targeting Android smartphones with false security updates and application installations.

Malware is a generic term used by the commission to describe a virus or software that is designed to disrupt, damage, or obtain unauthorized access to a device.

It stated it was acting on information obtained from the Nigeria Computer Emergency Response Team, in a statement signed by Director of Public Affairs, Ikechukwu Adinde.

"The ngCERT validated that Flubot impersonates Android mobile banking apps to draw phony web visits on targeted apps, and its purpose beyond obtaining personal data and primarily targets stealing credit card details or online banking credentials," the NCC added.

"FluBot is distributed by SMS and can snoop on incoming notifications, initiate calls, read or write SMSes, and send the victim's contact list to its control center."

According to the NCC, this virus targets Android smartphones by impersonating 'FedEx, DHL, Correos, and Chrome programs' and forcing unwary users to change their device's accessibility settings to maintain a persistent presence on the device.

According to the report, the malware compromises device security by duplicating fake login screens for well-known banks and waiting for users to enter their login credentials on the fake pages, after which their data is collected and sent to the malware operators' control point, where it is exploited by intercepting banking-related one-time passwords and replacing the default SMS app on the targeted Android device.

"As a result, it secures admission into the device via SMS and proceeds to send identical messages to other contacts on the device it has infected, persuading them to download the false software," according to the NCC.

"Infecting a gadget with Flubot can lead to catastrophic financial damages." Furthermore, the malware establishes a backdoor that allows the invader or attacker to gain access to the user's device, allowing them to carry out other criminal activities, such as launching other malware versions."

THINGS TO NOTE:

1. Users should not click on any suspicious text message's link, nor should they install any program or security update that the page requests.

2. Use up-to-date antivirus software to identify and prevent malware infestations; apply crucial system and application patches.

3. Use strong passwords and enable two-factor authentication over logins; frequently back up your data.

4. If you were a victim of this campaign, return your device to factory settings as soon as feasible. Any data on your phone, including personal information, will be deleted as of a result."

Content created and supplied by: Immawoli (via Opera News )

Ikechukwu Adinde Malware NCC Nigeria Computer Emergency Nigerian Communications Commission

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