Online banking WARNING – Terrifying virus could steal THOUSANDS from your account

Wednesday, August 2, 2017
By Paul Martin

ONLINE banking users have been warned of a terrifying new virus which can infect your smartphone and end up costing you thousands of pounds.

Wed, Aug 2, 2017

A new piece of malware, which is targeting users in the UK, can infect your smartphone and steal money from your bank account via online banking apps.

The malicious virus, discovered by Kaspersky Labs, is known as the ‘Invisible Man’, and is capable of inflicting major damage on Android phone users.

The new strain of the Svpend software manages to put an invisible overlay over legitimate internet banking app installed on a device.

This key logger then records touchscreen presses on an app, enabling cybercriminals to steal account details and passwords.

The hackers can then use this sensitive information to log into innocent people’s internet banking accounts and steal money.

According to The Register, the Invisible Man malware has affected 14 banking apps in the UK.

Roman Unuchek, a malware analyst at Kaspersky Lab, has said Invisible Man is even capable of compromising Android devices that are completely up-to-date.

Even if an Android phone has the latest version of Android running and all security updates installed, Invisible Man can still affect the user.

Roman said: “Its malicious techniques work even on fully updated devices with the latest Android version and all security updates installed.

“By accessing only one system feature, this Trojan can gain all necessary additional rights and steal lots of data”.

The ‘Invisible Man’ hides on a fake Adobe Flash Player that is downloaded as an APK.

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