If you have installed any application on your smartphone for updates on the coronavirus pandemic, then you may lose your money, the Central Bureau of Investigation has warned.
In an alert to all states, Union territories and central agencies, the CBI has informed of a malicious app that uses an update related to the coronavirus pandemic and steals financial data such as credit card or debit card number of the person who has installed it and can later withdraw the money from the account.
The agency recently received input from the Interpol, relating to a banking Trojan known as Cerberus. “This malicious software takes advantage of Covid-19 pandemic to impersonate and send SMS using the lure of Covid-19 related content to download the embedded malicious link, which deploys its malicious app usually spread via phishing campaigns to trick users into installing it on their smartphones,” reads the CBI alert.
According to the federal probe agency, this Trojan primarily focuses on stealing financial data such as credit card numbers. “In addition, it can use overlay attacks to trick victims into providing personal information and can capture two-factor authentication details,” said the CBI.
Many state police have received complaints regarding financial fraud during the coronavirus pandemic.