SharkBot steals money from users' mobile phones running the Google Android OS.
A new Android malware has been found that attacks the banking-related apps on your smartphones.
Cybersecurity researchers have discoveredthe trojan called SharkBot, which steals money from the users Android mobile phones.
The Android malwareSharkBot has attacked users across Europe and the United States.
It mainly focus on stealing money via Android apps.
ATS is an Automatic Transfer System, an advanced attack technique that is new on Android.
The team says, the mechanisms are used to apply the users verification identity and authentication.
SharkBot malware have low detection rate by antivirus solutions as multiple anti-analysis techniques are implemented.
They get details like credentials, personal information, current balance, and more.
SharkBot is a new generation of mobile malware, as it can perform ATS attacks in the devices.
Already, this technique is seen in other banking trojans like Gustuff.
The attackers installs the malicious app on the devices by using the side-loading technique and social engineering schemes.
The malware was distributed from that time.
It is said that SharkBot is a private botnet and is still in the early stage of development.
So, beware of such banking apps on Android phone.
