The year 2017 is witnessing to be the year of malware outbreaks, as maximum malware attacks reported this year.

‘Xafecopy Trojan” a new malware is detected in India, which steals money through victims’ mobile phones, according to cyber security firm Kaspersky.

As per Kaspersky’s report, 40% of the victims are Indians.

The report states: “Kaspersky Lab experts have exposed a mobile malware targeting the WAP billing payment method, stealing money from victims’ mobile accounts without their awareness.”

Xafecopy Trojan is covered as beneficial apps such as BatteryMaster that operate commonly, to restrict users from getting suspicious. The Trojan intimately loads malicious code onto the device of users for illicit activities.

Once the app is activated, Xafecopy malware clicks on web pages with Wireless Application Protocol (WAP) billing. WAP is a type of mobile payment that charges costs directly to the user’s mobile phone bill. The malware then silently subscribes to a number of services using the phone.

The process has raised alarm bells with IT security experts, as the services do not require users to register a debit or credit card or set up a username and password.

The malware’s coders have used some technology to bypass the ‘captcha’ systems designed to protect users by confirming that the action is being performed by a human.

“Xafecopy has victimized more than 4,800 users in 47 countries within a period of one month, with 37.5 percent of the attacks detected and blocked by Kaspersky Lab products targeting India, followed by Russia, Turkey, and Mexico,” the report noted.

Experts at Kaspersky Lab believe that the cyber criminals’ gangs promulgating other Trojans are sharing malware code among themselves.

“Our research suggests WAP billing attacks are on the rise. Xafecopy’s attacks targeted countries where this payment method is popular. The malware has also been detected with different modifications, such as the ability to text messages from a mobile device to premium-rate phone numbers, and to delete incoming text messages to hide alerts from mobile network operators about stolen money,” Kaspersky Lab senior malware analyst Roman Unuchek said.

Kaspersky Lab, managing director-South Asia, Altaf Halde said that Android users need to be extremely cautious in how they download apps.

“It is best not to trust third-party apps, and whatever apps users do download should be scanned locally with the Verify Apps utility. But beyond that, Android users should be running a mobile security suite on their devices,” Halde advised.

SHARE

LEAVE A REPLY

Please enter your comment!
Please enter your name here