Symantec says the iBanking malware is stealing one-time passcodes for banking applications
May 20, 2014
(IDG News Service)
Despite a leak of its source code, an Android program aimed at compromising online bank accounts is still commanding $5,000 per copy, one of the highest prices seen for a type of malware, according to research from Symantec.
Symantec and RSA published details on their blogs on Tuesday about iBanking, which is being used by two Eastern European cybercrime groups to intercept one-time SMS passcodes used for logging into bank accounts.
IBanking is notable for its wide range of features and defensive measures that thwart analysis by security researchers. It can steal just about any information on an Android device, record calls or forward calls to another phone, Symantec wrote.
The malware often appears in Android app marketplaces as a legitimate banking application. It appears victims who are targeted already have a […]