Beware Of New Virus That Steals Banking Details, NCC Alerts Nigerians

The Nigerian Communications Commission has alerted millions of Nigerian telecom consumers of the existence of new, high-risk, and extremely damaging, Malware called Flubot.

The commission warns that the virus steals banking details from devices.

This was contained in a press statement by the commission titled, ‘NCC alerts telecom consumers on Flubot Malware… Lists measures to guard against attack.”

NCC noted that according to the information received from the Nigeria Computer Emergency Response Team, Flubot “targets Androids with fake security updates and App installations”.

How the virus works

The statement quoted ngCERT as affirming that Flubot “impersonates Android mobile banking applications to draw fake web view on targeted applications and its goal transcends stealing personal data and essentially targets stealing of credit card details or online banking credentials.

“FluBot is circulated through Short Message Service and can snoop “on incoming notifications, initiate calls, read or write SMSes, and transmit the victim’s contact list to its control centre.

“This malware attacks Android devices by pretending to be “FedEx, DHL, Correos, and Chrome applications” and compels unsuspecting users to alter the accessibility configurations on their devices in order to maintain a continuous presence on devices.

“The new malware undermines the security of devices by copying fake login screens of prominent banks, and the moment the users enter their login details on the fake pages, their data is harvested and transmitted to the malware operators’ control point from where the data is exploited by intercepting banking-related One Time Passwords and replacing the default SMS app on the targeted Android device.

“Consequently, it secures admittance into the device through SMS and proceeds to transmit similar messages to other contacts that may be on the device it has attacked enticing them into downloading the fake app.

“It suffices to say that, when Flubot infects a device, it can result in incalculable financial losses. Additionally, the malware creates a backdoor which grants access to the user’s device, thus enabling the invader or attacker to perform other criminal actions, including launching other variants of malware.”

How to guard against the virus

The NCC hereby wishes to reiterate the advisory of ngCERT as follows:
In view of this discovery and understanding of the process by which this malware operates, and in order to protect millions of telecom consumers and prevent criminal forces, irrespective of location, from using telecom platforms to perpetrate fraud and irredeemable damages, the NCC advised that:

1. Do not click on the link if you receive a suspicious text message, and do not install any app or security update the page asks you to install.

2. Use updated antivirus software that detects and prevents malware infections.

3. Apply critical patches to the system and application.

4. Use strong passwords and enable Two-Factor Authentication (2FA) over logins.

5. Back-up your data regularly.

6. If you have been affected by this campaign, you should reset your device to factory mode as soon as possible. This will delete any data on your phone, including personal data.

7. Do not restore from backups created after installing the app. You may contact ngCERT on *incident@cert.gov.ng* for technical assistance.

8. You will also need to change the passwords to all of your online accounts, with urgency, around your online bank accounts.

9. If you have concerns that your accounts may have been accessed by unauthorised people, contact your bank immediately.

-Punch

About Don Saint

PR Guru / Author / Promoter / Controversial Writer / Hip Hop Artiste / Actor / Human Rights Activist. The First Nigerian Hip Hop Artiste to obtain a Masters Degree (M.A) in Arts ( Religion & Human Relations). The author of one of the most controversial books in Nigeria; "Emancipation from Masturbation". With over 12 Movies and 3 Musical albums since 2003. Former Events Manager at Silverbird’s Rhythm Fm Awka Station till 2010. For more info. Call : 08033239298.

No comments yet... Be the first to leave a reply!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: