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Banks alert customers about mobile banking malware targeting over 200 apps

This malware captures the credentials when users log into their net-banking apps and access bank accounts

Illustration: Binay Sinha
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Once the fake android app is installed on the mobile phone, it sends/ captures the list of all applications installed on the device and targets specific financial applications. (Illustration: Binay Sinha)

Manojit Saha Mumbai
Several Indian banks have alerted their customers not to download apps from any source other than official app stores. Banking customers are being targeted by a new type of mobile banking malware campaign using SOVA Android Trojan.

This malware captures the credentials when users log onto their net-banking apps and access bank accounts. The new version of SOVA appears to be targeting more than 200 mobile applications, including banking apps and crypto wallets.

A number of banks -- including HDFC Bank, IDBI Bank, and Karur Vysya Bank -- have informed their customers or are in the process of issuing advisory