Is Google currency converter app stealing banking credentials?
By MYBRANDBOOK
According to a report, a currency converter app 'Easy Rates Converter' on Google Play Store has been caught stealing banking credentials from Android devices. Lukas Stefanko, security researcher, has first identified the 'Easy Rates Converter' app as malicious.
Though it seems to be legitimate, the app installs a hidden Trojan and phishes users into entering passwords of their internet banking accounts. The app was available with more than 500 downloads but has been removed now.
Leading users into thinking it's legitimate, it worked just like any other converter but also downloaded a Trojan titled 'Update Flash Player' in the background. This malware then sought installation and device administration permissions to establish its roots.
As it is demonstrated, after installation, the Trojan sits quietly, waiting for the user to open a banking app. Once that happens, it comes into action and creates a copy of the legitimate app. The fake app overlays the real-one and presents a pretty similar login page, asking login credentials from the user.
If entered, the details are sent to the phishers' servers. The fake app also prevents users from switching to the original app and stays on top.
To avoid such apps, users can follow some basic rules and install only verified apps with many more installs. Also they should check ratings and reviews of the app before downloading.
BREAKING NEWS
TECHNO TRENDS
Happiest Minds brings in an innovative GenAI chatbot
Happiest Minds Technologies has announced the new GenAI chatbot - ‘hAPPI...
Government mandates encryption for CCTV cameras to ensure netw
In the wake of issuing an internal advisory on securing CCTV cameras at g...
TRAI recommends allowing only Indian entities to participate i
The Telecom Regulatory Authority of India (TRAI) has recommended that onl...
Galaxy AI is available on more devices with Samsung One UI 6.1
Samsung has expanded the range of smartphones to which One UI 6.1 and Gala...
E-Magazine
TECHNOTAINMENT
Disney+ Hotstar wins the Best OTT Platform of the year
Film Critics Guild and Group M Motion Entertainment, in collaboration with
Miss World 2024: Krystyna Pyszková of the Czech Republic wins
Krystyna Pyszková of the Czech Republic has been crowned as the 71st Miss
MOVERS & SHAKERS
Brillio appoints Ashish Singh to its Board of Directors
Brillio has announced that Ashish Singh has been appointed to the company
JSW One Platforms ropes in Dr Ranjan Pai as Independent Direct
JSW One Platforms, part of US$23 billion JSW Group has appointed Dr Ranjan
OPEN YOUR EYES
INTERVIEWS
AMD Pensando innovation CONTINUES
In 2022, AMD announced its acquisition of Pensando Systems, an addition to
Autodesk investing in emerging Design & Make technologies to d
Autodesk partners with leading companies in a variety of industries, includ
HOT PICK
HP launches first laptop in India with Microsoft CoPilot butto
HP has launched sleek and stylish Envy x360 14 laptops in India which beco
OnePlus debut its Nord CE4 smartphone
OnePlus Nord CE4 continues the trend of attention-grabbing design with two
MAKE IN INDIA BRANDS
OPTIEMUS INFRACOM
FINOLEX INDUSTRIES LTD.
LENOVO GROUP LTD.
HIMACHAL FUTURISTIC COMMUNICATIONS LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Technology Icons Of India 2023: Shailendra Katyal
Shailendra is instrumental in Lenovo achieving the no.1 position in PC...
Technology Icons Of India 2023: Byju Raveendran
Byju Raveendran is the founder of edutech start-up Byju’s. Raveendra...
Technology Icons Of India 2023: Sridhar Vembu
Sridhar Vembu is an Indian billionaire business magnate and the Founde...
PARTNER SPEAKERS
PSU
C-DAC keeps India ahead in IT & Electronics R&D space
Centre for Development of Advanced Computing (C-DAC) is the premier R&...
PGCIL transforming India with its wide power transmission network
Engaged in power transmission, POWERGRID or PGCIL is a stated owned In...
DRDO is India's largest and most diverse research organisation
DRDO is the R&D wing of Ministry of Defence, Govt of India, with a vis...
VIDEOS
Top 25 Brands
Value-Added Distribution
R P TECH INDIA
R P Tech is recognized for its diverse products portfolio, value-add...
EXCLUSIVE NETWORKS SALES INDIA PVT. LTD.
Exclusive Networks is a globally trusted cybersecurity specialist hel...
B D SOFTWARE
BD Software is the distributor of IT security solutions in India. The ...
ITFORUM 2024
WIITF 2024
CMO of the Year
WOMEN LEADERSHIP
EMINENT CIO's OF INDIA
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
