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When it finds the right apps, the malware will prompt the user to delete the device and provide a bogus pretext. It will persuade the user to get a malicious equivalent. Once the user enters their credentials, the malware acquires the information. Another alarming capability of the threat is that it can intercept and delete SMS messages. This means it can delete messages from the bank. It prevents notifications from reaching the user.
According to a report by Net Security Organization, the malware combination is aiming at Korean users. However, it can be easily tweaked to target other users around the world. It can go around the globe searching for online banking applications. This poses as a threat to all Android users.
Fortunately, the malware needs the user to complete the installation of the malicious application. People should stay vigilant when unknown apps suddenly propose itself. USB debugging on the Android device may also help prevent the infection vector.
Users are also advised to install a reliable antivirus solution on their computers to avoid problems.
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