Mobile Malware Is Stealing Your Money, Disguised As A User-Friendly App

Xafecopy Trojan, a malware has been detected on mobile phones that is used to steal money from our phones. The malware was spotted by a firm known as Kaspersky. As per the report from the firm, more than 40% of malware target is from India.

The report stated “Kaspersky Lab experts have uncovered a mobile malware targeting the WAP billing payment method, stealing money from victims’ mobile accounts without their knowledge. Xafecopy hit more than 4,800 users in 47 countries within the space of a month, with 37.5 per cent of the attacks detected and blocked by Kaspersky Lab products targeting India, followed by Russia, Turkey, and Mexico”.

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The malware uses apps like Battery Master to disguise itself. When the user will download it considering the app to be user-friendly, then it installs the malware in the device that makes your phone vulnerable. Malware starts to click on web pages via Wireless Application Protocol (WAP) billing. It is a payment method that charges all costs to user’s mobile phone bill. Then secretly the malware subscribe user’s phone to a number of services. It uses a certain code to fool ‘captcha’ system codes.

So the warning is given to Android users especially to avoid downloading apps from Play store.