January 16, 2016 Leave a comment Android malware can hack your bank account through a phone call By Kevin Downey, Komando.com PHOTO COURTESY OF SHUTTERSTOCK Presented by Kaspersky LabThe power to protect You're probably familiar with two-step verification (it's sometimes called two-step authentication). Companies like Facebook use it to make sure you're you, not a hacker pretending to be you.Banks and other financial institutions also use it because it's a relatively easy way to protect your privacy, and ensure that your banking credentials and money are safe. It works this way: You log in into your account and enter a password. That's the first step. The second step is your bank, social network, or another outlet send you a text message, or call you with an automated phone call. They give you a secret, one-time code to enter, and complete logging into your account.The one-time code is never used again so, in theory, you're safe. However, hackers have a scary new malware to misdirect those phone calls to them. It's called Android.Bankosy, and it affects devices using Google's Android operating system.There is a little bit of good news here. The hackers most likely have to know your login and password first, before they can get the bank to call them.That's good because you can protect yourself online with a solid anti-virus software program. We recommend our sponsor Kaspersky Lab. Please share this information with everyone. Just click on any of these social media buttons. Email Facebook Twitter Google+ Pinterest Source: IT News Security & Privacy Android Android.Bankosy two-step authentication Two-step verification Previous Happening Now Hyatt reveals hundreds of hotels infected by credit-card-stealing malware Next Happening Now Can you shoot at drones flying over your land? Related Articles A hidden trick to fix Android only techies know 3 Android alerts you need to know about One clear sign your Android has a virus Cellphone spying: Is someone seeing your photos, texts, calls and more?