Malicious Android Malware Intercepts Your Bank’s Phone Calls and Texts

Malware has always been and will continue to be, a concern for users attempting to protect their mobile security. Now, a new piece of software, known as Fakebank, is taking device hijacking to the next level. Previous versions of the malware have been able to intercept SMS text messages from your bank and present users with fake banking login windows. However, Fakebank has gone beyond that and can now intercept your confidential phone calls. How can this disturbing strain of malware be stopped?

An excellent way to start is to secure your device from becoming infected by malware. Most cases of the Fakebank malware occurred from downloading software from third-party app markets and through social media. dfndr security’s full virus scan feature ensures that all files and programs on your Android’s internal memory or external SD card are entirely secure. 

Read More: What You Need to Know About Online Banking

Of course, being protected is also about practicing basic security guidelines in your day to day smartphone habits. Here are a few tips you can follow to prevent your device from becoming infected by malware such as Fakebank.

Download From Reputable App Stores
Most malicious apps do not come directly from the official Google Play Store but from other questionable third-party markets. Worse yet, some applications are downloaded directly from the web due to receiving a link on social media or within an email. Make sure you only download from reputable sources such as Google Play or the Amazon App Store.

Dole Out App Permissions Carefully
When you install an application, it may ask you for specific permissions to access parts of your phone. Fakebank takes advantage of a permission setting in some Android versions called ‘System Alert Window,’ allowing the app to display an official message that appears to be from your phone itself. Before accepting any permissions for apps you download, use your best judgment to determine what an app truly needs to access in order to function.

Make Sure Your Bank Security is Updated
Lastly, although not entirely related, be sure that your bank account security is adequately set up. While Fakebank does have an ability to intercept SMS two-factor messages, it still doesn’t hurt to set the feature up to protect yourself against other types of malware. Also, check with your bank to see if you can receive emails alerts for any suspicious logins.

Follow these bits of advice, and you should be just a tad safer from malicious malware like Fakebank.