Malware that collects credentials from Android users put billions of people at risk

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Cyble Research Labs also found that threat actors can rent the malware for a hefty monthly fee of $5,000. ERMAC 1.0, which was discovered officially in August 2021, utilized 378 apps and was being rented for $3,000 a month. “We have observed that the ERMAC 2.0 is being delivered through fake sites,” Cyble Labs noted in a blog post. The experts added that EMRAC 2.0 also spreads through fake browser update sites. Once someone installs ERMAC 2.0 via a fraudulent app, the malware requests as many as 43 permissions from their device.

Cybersecurity specialists have discovered a hazardous new spyware that targets Android smartphones. Researchers identified a virus called ERMAC hitting Android smartphones in 2021. ESET researchers have discovered that a new variant of the Banking malware, named ERMAC 2.0, is operational. The virus infects Android smartphones using 467 applications that steal users’ login credentials and financial information. According to cybersecurity experts, ERMAC 2.0 does this by imitating well-known and legitimate programmes.

Highlights

  • These permissions, if granted, may enable the bad actors to take full control of a victim’s device. Other permissions can get the hackers SMS access, contact access, system alert window creation, audio recording, or full storage read and write access. ERMAC 2.0 impersonates popular and genuine apps, according to cybersecurity experts. Certain permissions can also create a list of apps installed on the victim’s device and share that data with the hacker’s C2 server, according to Tech Radar.

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