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Beware! This Malware Steals Money Through Your Mobile Phones

Gyan Hi Gyan 2017-09-12 10:08:32

The concept of cyber crime is developed with the development of the internet and its related benefits. In India, cyber crimes are committed in different forms. Cyber security firm Kaspersky has released its report in which they said that a new type of malware named as, “Xafecopy Trojan” has been detected in India which steals money through users mobile phones.


Until now, around 40 per cent of the target of the malware has been observed in our country.

THIS IS HOW MALWARE ENTERS YOUR PHONE

Xafecopy Trojan enters your mobile through apps such as BatteryLife without affecting the functioning of your mobile phones.

The report said:

“Kaspersky Lab experts have uncovered a mobile malware targeting the WAP billing payment method, stealing money from victims’ mobile accounts without their knowledge.”

HOW DOES IT WORK?

After entry, Xafecopy Trojan secretly loads malicious code onto the device. The moment it gets activated,  the Xafecopy malware clicks on web pages with Wireless Application Protocol (WAP) billing. WAP, as we know, is a form of mobile payment that charges costs directly to the user’s mobile phone bill.

The most important thing is that the whole process of this malware does not require the user to register a credit card or debit card or to set up any kind of user name and password.


The report further stated:

“Xafecopy hit more than 4,800 users in 47 countries within the space of a month, with 37.5 per cent of the attacks detected and blocked by Kaspersky Lab products targeting India, followed by Russia, Turkey and Mexico.”

ANDROID USERS NEED TO BE EXTREMELY CAREFUL

Altaf Halde, the managing director of Kaspersky, South Asia said that the Android users need to be careful in how they download the app.