Monday, November 29, 2021

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NCC warns of new virus impersonating mobile banking apps to steal money

The Nigerian Communications Commission (NCC) has alerted Nigerians of a new, high-risk and extremely-damaging Malware called Flubot currently on the prowl.

In a statement Friday, NCC noted that it received information from the Nigeria Computer Emergency Response Team (ngCERT), that Flubot “targets Androids with fake security updates and App installations.”

“Flubot impersonates Android mobile banking applications to draw fake web view on targeted applications and its goal transcends stealing personal data and essentially targets stealing of credit card details or online banking credentials,” NCC’s director of public affairs, Dr Ikechukwu Adinde revealed.

“FluBot is circulated through Short Message Service (SMS) and can snoop “on incoming notifications, initiate calls, read or write SMSes, and transmit the victim’s contact list to its control centre”, NCC said in a statement.

“This malware attacks Android devices by pretending to be “FedEx, DHL, Correos, and Chrome applications” and compels unsuspecting users to alter the accessibility configurations on their devices in order to maintain continuous presence on devices.

“The new malware undermines the security of devices by copying fake login screens of prominent banks, and the moment the users enter their login details on the fake pages, their data is harvested and transmitted to the malware operators’ control point from where the data is exploited by intercepting banking-related One Time Passwords (OTPs) and replacing the default SMS app on the targeted Android device.

“Consequently, it secures admittance into the device through SMS and proceeds to transmit similar messages to other contacts that may be on the device it has attacked enticing them into downloading the fake app.”

The commission however released steps to take to prevent falling victim, which includes;

“Do not click on the link if you receive a suspicious text message, and do not install any app or security update the page asks you to install. Use updated antivirus software that detects and prevents malware infections.

“Apply critical patches to the system and application. Use strong passwords and enable Two-Factor Authentication (2FA) over logins. You will also need to change the passwords to all of your online accounts, with urgency, around your online bank accounts.

“If you have concerns that your accounts may have been accessed by unauthorised people, contact your bank immediately.”

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