New security could be threatening your bank account.
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According to the report from F5 Labs, the malware works its way onto devices by disguising itself as other popular apps, including a legitimate cryptocurrency mining app known as The CryptoApp, which has more than a million downloads on the Google Play Store,reports. They also warn MaliBot has been tied to bogus copycat versions of a cryptocurrency app called Mining X.
Once installed, experts from F5 warn that the malware can take over your device, granting it control to receive, send, and delete text messages that it uses to steal authentication codes needed to access financial accounts.Fortunately, the experts from F5 say there are some easy ways to avoid falling victim to this latest cybersecurity threat. They recommend only downloading apps or software from trusted official sources such as the Google Play store.
Cybersecurity experts from Kaspersky also recommended being wary of strange behavior from newly downloaded apps, especially how they request permission to features on your device. They caution to"only allow access to notifications for apps that need it to perform their intended purposes—for example, to transfer notifications to wearable devices. Apps for something like themed wallpapers or photo editing don't need access to your notifications.
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