Source code for Android iBanking bot surfaces on underground forum

Lucian Constantin

"The malware's ability to capture SMS messages and audio recordings, as well as divert voice calls makes step-up authentication all the more challenging as fraudsters gain more control over the OOB [out-of-band] device," the researchers said. "This highlights the need for stronger authentication solutions capable of validating users' identities using multiple factors including biometric solutions."

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