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NCC alerts android users of malware called Flubot that targets financial transaction

Bukola Afeni
The Nigerian Communications Commission (NCC) wishes to alert millions of Nigerian telecom consumers of the existence of new, high-risk and extremely-damaging, Malware called Flubot,  that targets Androids with fake security updates and App installations.
The body made the disclosure in a statement signed by the Director Public Affairs, Dr Ikechukwu Adinde.
According to him, the commission  received information from the Nigeria Computer Emergency Response Team (ngCERT) about Flubot .
The ngCERT affirmed that Flubot impersonates Android mobile banking applications to draw fake web view on targeted applications, and its goal transcends stealing personal data and essentially targets stealing of credit card details or online banking credentials.
“A malware is a generic word used to describe a virus or software, designed specially to “disrupt, damage, or gain unauthorized access to a computer system.
FluBot is circulated through Short Message Service (SMS) and can snoop on incoming notifications, initiate calls, read or write SMSs, and transmit the victim’s contact list to its control centre.”
“This malware attacks Android devices by pretending to be “FedEx, DHL, Correos, and Chrome applications and compels unsuspecting users to alter the accessibility configurations on their devices in order to maintain continuous presence on devices.”
The Nigerian Communication Commission said the new malware undermines the security of devices by copying fake login screens of prominent banks.
” The moment the users enter their login details on the fake pages, their data is harvested and transmitted to the malware operators’ control point from where the data is exploited by intercepting banking-related One Time Passwords (OTPs) and replacing the default SMS app on the targeted Android device.”
“It further secures admittance into the device through SMS and proceeds to transmit similar messages to other contacts that may be on the device. It has attacked enticing them into downloading the fake app.”
NCC  also added that when Flubot infects a device, it can result in incalculable financial losses.

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