Researchers have detected the Cerberus Trojan hidden in an app known as “Calculadora de Moneda” disguised as a legal currency converter in Google Play Store.

According to the security experts, this malicious app was designed for Spanish users. Though at first, it seemed normal, but, in reality, it covered a malware in its code that is capable of stealing credentials from banking apps.

Since last March, this malicious app is on Google Play, which is developed by Thomas Zeitlhofer, and it has already been downloaded more than 10,000 times.

Mobile malware has become a common threat today, as we do not use our mobile devices to communicate with our friends and relatives only, but also use them for entertainment and manage financial accounts as well.

How to Protect Yourself From Mobile Banking Trojans

  • Before downloading and using any banking app, always verify the app, whether it’s a genuine official app from the bank itself.
  • Always use two-factor authentication.
  • Download apps from only reliable stores like Google Play or Apple’s App Store.
  • Always check the ratings and comments of the apps that you want to download and use on your device.
  • Always pay attention to the permissions requested by the app.
  • Always use a security tool to add an extra layer of security to your device.

For more information, check out the full article on Cyber Security News.

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