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When it comes to phone banking be cautious: Here's some vital information about the online banking virus | Technology

When it comes to phone banking be cautious; here's some vital information about the online banking virus.
When it comes to phone banking be cautious: Here's some vital information about the online banking virus 

Be cautious when it comes to phone banking: Here is some important information about the online banking virus

In nations like Europe and the United States, the SharkBot Android virus has been discovered. India, on the other hand, isn't far away. This spyware targets Android-based smartphones.

If you are using your phone to do financial activities, you should be aware of certain critical information. In fact, Cyber Security Researcher has discovered a new Android Trojan. This is really a type of harmful software that might drain your bank account. First, let me inform you that this new Trojan is completely capable of compromising the phone app's multi-factor authentication scheme. SharkBot is the name of the new malware.

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        What is ATS?

        SharkBot Android trojan has already been discovered in nations including Europe and the United States. Furthermore, India is not very far away. The virus is known for infecting Android-based smartphones. Its goal is SharkBot to send money via the Automated Transfer System (ATS). Understand that the ATS (Automatic Transfer System) is a sophisticated assault method. 

        Antivirus software has the ability to stand out

        According to the research, the SharkBot malware may have managed to avoid the entrance virus. SharkBot may collect personal banking details, such as current bank balances after it is installed on the phone.

        SharkBot is a unique type of mobile malware that has been detected. Which might be the source of an ATS assault on a malware-infected device? Other mobile Trojan financial applications have used this strategy before. Gustuff is heavily mentioned in this. As per the research, this malicious software uses side loading tactics and social engineering schemes to infect the user's smartphone.

        Courtesy: Komal Sharma, Direct News 99