The South Korean Fake Banking App Scam

dbit · 12-02-2015 08:37AM #1

http://www.trendmicro.com/vinfo/us/security/news/cybercrime-and-digital-threats/south-korean-fake-banking-app-scam

Nice find , wonder if these attempts will make it to our shores ?
I personally don't use AV on my phone , but then again i do not use my phone for secure banking or for anything personal with heavy sec requirements.

must dig up that free license .........

B00MSTICK · 13-02-2015 10:12AM

Didn't read the full report but there a fairly nice, readable write up from previous attacks here:
https://www.fireeye.com/blog/threat-research/2014/07/the-service-you-cant-refuse-a-secluded-hijackrat.html

Basically the banks require you have AV installed on your device. The malware disables the AV before making changes to avoid detection.

There's a possibility we might have something like this here at some stage but it makes more sense to target other areas.

Off the top of my head:
- South Korea has a larger population/target market
- Home of Samsung = lots of Android devices to exploit. I'd guesstimate Ireland is closer to 60:40 Android:iOS
- (Personal Theory) More people have rooted phones and are more into mobile gaming/entertainment - More likely to download "free" versions of apps - might be some restriction on apps available on Google Play. They download files from 3rd party sites etc. so easier to infect devices.

dbit · 13-02-2015 10:28AM

B00MSTICK wrote: »

Didn't read the full report but there a fairly nice, readable write up from previous attacks here:
https://www.fireeye.com/blog/threat-research/2014/07/the-service-you-cant-refuse-a-secluded-hijackrat.html

Basically the banks require you have AV installed on your device. The malware disables the AV before making changes to avoid detection.

There's a possibility we might have something like this here at some stage but it makes more sense to target other areas.

Off the top of my head:
- South Korea has a larger population/target market
- Home of Samsung = lots of Android devices to exploit. I'd guesstimate Ireland is closer to 60:40 Android:iOS
- (Personal Theory) More people have rooted phones and are more into mobile gaming/entertainment - More likely to download "free" versions of apps - might be some restriction on apps available on Google Play. They download files from 3rd party sites etc. so easier to infect devices.

Installed Mobile security app and I'm clean . yes I can see the free app avenue being the best avenue of attack in this regard.

The South Korean Fake Banking App Scam

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