Thanks to the growing adoption of mobile banking, in combination with the utilization of mobile devices to conduct financial transactions, opportunistic cybercriminals are quickly capitalizing on this emerging market segment. Made evident by the release of Android/BlackBerry compatible mobile malware bots. This site is empowering potential cybercriminals with the necessary ‘know-how’ when it comes to ‘cashing out’ compromised accounts of E-banking victims who have opted-in to receive SMS notifications/phone verification, whenever a particular set of financial events take place on their bank accounts.
A new commercially available Android, BlackBerry (work in progress) — supporting mobile malware bot is being pitched by its vendor, with a specific emphasis on its potential to undermine modern E-banking security processes, like for instance, SMS alerts. Let’s discuss some of its core features and emphasize on an emerging trend within the cybercrime ecosystem, namely the ‘infiltration’ of Google Play as a service.