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BREAKING: NCC Alerts Android Phone Users On New Virus That Endangers Bank Account

BREAKING: NCC Alerts Android Phone Users On New Virus That Endangers Bank Account

The Nigerian Communications Commission (NCC) has alerted millions of telecom consumers and Nigerians that are android phones users on the new virus that steals banking information.

According to NIGERIAN TRIBUNE, the high-risk and extremely damaging Malware is called Flubot.

According to a statement signed by the Director, Public Affairs of NCC, Dr. Ikechukwu Adinde, NCC explained that FluBot is circulated through Short Message Service (SMS) and can snoop “on incoming notifications, initiate calls, read or write SMSes, and transmit the victim’s contact list to its control center.

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Dr. Ikechukwu Adinde said, “according to the information received today, October 21, 2021, from the Nigeria Computer Emergency Response Team (ngCERT), Flubot targets Androids with fake security updates and App installations.

“The ngCERT affirmed that Flubot impersonates Android mobile banking applications to draw fake web view on targeted applications and its goal transcends stealing personal data and essentially targets stealing of credit card details or online banking credentials. Information Guide Nigeria

“This malware attacks Android devices by pretending to be “FedEx, DHL, Correos, and Chrome applications” and compels unsuspecting users to alter the accessibility configurations on their devices in order to maintain continuous presence on devices.

“The new malware undermines the security of devices by copying fake login screens of prominent banks, and the moment the users enter their login details on the fake pages, their data is harvested and transmitted to the malware operators’ control point from where the data is exploited by intercepting banking-related One Time Passwords (OTPs) and replacing the default SMS app on the targeted Android device.

“Consequently, it secures admittance into the device through SMS and proceeds to transmit similar messages to other contacts that may be on the device it has attacked enticing them into downloading the fake app.

“It suffices to say that, when Flubot infects a device, it can result in incalculable financial losses. Additionally, the malware creates a backdoor which grants access to the user’s device, thus enabling the invader or attacker to perform other criminal actions, including launching other variants of malware. Jamb Result

“Apply critical patches to the system and application. Use strong passwords and enable Two-Factor Authentication (2FA) over logins. Back up your data regularly.

“If you have been affected by this, you should reset your device to factory mode as soon as possible. This will delete any data on your phone, including personal data. If you have concerns that your accounts may have been accessed by unauthorised people, contact your bank immediately.”

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Idongesit Akpa-Ayang

Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

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