A banking trojan specifically targeting the world's 1.5 billion Android smartphones and tablets that's been around for years has resurfaced. Now, it's a lot better at stealing your money than it used to be.
To backtrack, banking trojans are a form of malware that steal your online banking credentials. Once stolen, cybercriminals can funnel your money right into their accounts.
One of the nastier known banking trojans, Android.SmsSpy.88.origin, has now morphed into a ransomware, too. In other words, hackers can use it to lock up your Android smartphone or tablet and demand you pay ransom to get access returned to you.
Back in 2014, the trojan intercepted text messages and stole your credit card information. By comparison to the new version, that seems quaint. The previous version attacked smartphones in Russia, but the new version has so far spread to 200 countries and attacked at least 40,000 Android smartphones and tablets.
Those include smartphones running Android 4.1, Android 4.2, Android 4.4, Android 5.0 and Android 5.1.
Here's what you need to do:
- Don't open links from text messages
- Only download apps from trusted sources
- Use a rock-solid Internet security system
ICYMI: Click here to read yesterday's breaking news about a new malware targeting 1.5 billion smartphones.