Several Indian banks have alerted their customers not to download apps from any source other than official app stores.
- Banking customers are being targeted by a new type of mobile banking malware campaign using SOVA Android Trojan.
- The new mobile banking ‘Trojan’ virus — SOVA – can stealthily encrypt an Android phone for ransom and is hard to uninstall is targeting Indian customers.
- SOVA can add false overlays to a range of apps and “mimic” over 200 banking and payment applications in order to con the Android user.
- The latest version of this malware hides itself within fake Android applications that show up with the logo of a few famous legitimate apps like Chrome, Amazon, non-fungible token platform to deceive users into installing them.
- SOVA malware captures the credentials when users log onto their net-banking apps and access bank accounts.
- The new version of SOVA appears to be targeting more than 200 mobile applications, including banking apps and crypto wallets.
