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Beware of new virus that steals banking information, NCC alerts Nigerians

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Beware of new virus that steals banking information, NCC alerts Nigerians

The Nigerian Communications Commission, NCC, has alerted millions of Nigerian telecommunications consumers to the existence of a new high-risk and extremely damaging malware called Flubot.

Malware is a generic word used to describe a virus or software, specially designed to “disrupt, damage or gain unauthorized access to a computer system”.

A statement signed by NCC Public Affairs Director Dr Ikechukwu Adinde said “According to information received today, October 21, 2021, from the Nigeria Computer Emergency Response Team, ngCERT, Flubot targets androids with bogus security updates and app installs. .

“The ngCERT claimed that Flubot is impersonating Android mobile banking apps to paint a false web view on targeted apps and that its goal transcends personal data theft and essentially targets the theft of credit card or credit card details. online banking credentials. “

NCC explained that FluBot travels via Short Message Service (SMS) and can spy on “incoming notifications, make calls, read or write SMS and transmit the victim’s contact list to their control center.

“This malware attacks Android devices claiming to be ‘FedEx, DHL, Correos and Chrome apps’ and forces unsuspecting users to change accessibility settings on their devices in order to maintain a continuous presence on the devices.

“The new malware undermines device security by copying fake login screens from major banks, and the moment users enter their login credentials on the fake pages, their data is collected and transmitted to the malware operators’ checkpoint. from which data is mined by intercepting banking one-time passwords (OTP) and replacing the default SMS app on the targeted Android device.

“Therefore, it secures access to the device via SMS and forwards similar messages to other contacts who may be on the attacked device, tricking them into downloading the bogus app.

“Suffice it to say that when Flubot infects a device, it can lead to untold financial loss. Additionally, the malware creates a backdoor that gives access to the user’s device, thereby allowing the invader or attacker to perform other criminal actions, including launching other variants of malware, ”the statement read.

NCC therefore advised telecom consumers “not to click on the link if you receive a suspicious text message, and not to install any security apps or updates that the page asks you to install.” Use updated antivirus software that detects and prevents malware infections.

“Apply critical system and application fixes. Use strong passwords and enable two-factor authentication (2FA) on connections. Regularly back up your data.

“If you have been affected by this, you should reset your device to factory mode as soon as possible. This will delete all data from your phone including personal data.

“If you are concerned that your accounts have been accessed by unauthorized persons, contact your bank immediately. “

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