Hidden within these apps are mobile banking trojans that swing into action when you launch a legitimate banking or financial app. They deceive users by displaying a fake login page over authentic pages to gain access to account credentials. The malware also keeps track of notifications to get the OTP and are also capable of abusing Accessibility services to do on-device financial fraud.
The targeted application that has been downloaded the most is PhonePe, a payment app immensely popular in India. It has been downloaded 100 million times from Google Play. Cryptocurrency exchange app Binance, which has been downloaded 50 million times, and the US and UK-based mobile payment service Cash App, which has also been installed 50 million times are also targeted by many banking trojans.
Most of these apps are targeted by a trojan called Teabot, which covers 410 out of the 639 apps tracked, and Exbot comes second, affecting 324 apps.BianLian which targets Binance, BBVA, and many Turkish apps.Coper may take over BBVA, Caixa Bank, CommBank, and Santander accounts.
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