Android users told to 'stay vigilant' as ignoring new alert could be costly
Security experts have issued a warning to all Android users over a new type of malware that's attacking devices in a bid to steal money.
Attention Android phone users — ignoring this latest alert could hit your wallet hard. Cyber crooks are back at it again, targeting Android phones with an attack dubbed "Crocodilus."
This cunning scheme aims to steal your money, which could be highly profitable for the scammers and devastating for those affected. Those with Androids should follow certain rules to stay safe from the cyber threat.
The team at Threat Fabric reports that this alarming attack begins with ads displayed on popular social media platforms. These convincing pop-ups then entice users to download an app to claim prizes and financial incentives.
However, once installed, the app infects devices with Crocodilus, a bug with the terrifying ability to add names and numbers to users' contact lists.
"A key feature update is the ability to modify the contact list on an infected device," explains Threat Fabric.
"We believe the intent is to add a phone number under a convincing name such as 'Bank Support', allowing the attacker to call the victim while appearing legitimate. This could also bypass fraud prevention measures that flag unknown numbers."
This disturbing scam could leave users out of luck if they let their guard down and aren't aware that their contacts have been tampered with.
Threat Fabric is now urging all Android users to "stay vigilant."
"The latest campaigns involving the Crocodilus Android banking Trojan signal a concerning evolution in both the malware's technical sophistication and its operational scope," the Threat Fabric team noted, highlighting the growing threat of this malicious software.
The team also emphasized: "As Crocodilus continues to evolve, organizations and users alike must stay vigilant and adopt proactive security measures to mitigate the risks posed by this increasingly sophisticated malware."
Moreover, they imparted a wise tip: only download apps from trusted sources like Google's Play Store.
Experts say another savvy move is to always scrutinize the app developer and browse through the reviews for any red flags before proceeding with the installation.
Click here to follow the Mirror US on Google News to stay up to date with all the latest news, sports and entertainment stories.