The tool, known as iBanking, is one of the most expensive pieces of malware Symantec has seen on the underground market and its creator has a polished, Software-as-a-Service business model. […]
How it works
Attackers use social engineering tactics to lure their victims into downloading and installing iBanking on their Android devices. The victim is usually already infected with a financial Trojan on their PC, which will generate a pop up message when they visit a banking or social networking website, asking them to install a mobile app as an additional security measure.