Cointime

Download App
iOS & Android

BaFin Raises Alarm on Trojan ‘Godfather’ Affecting Banking and Crypto Apps

Authority (BaFin) has urged consumers to beware of ‘Godfather’, a Trojan virus that attacks Android-based banking and cryptocurrency apps. The regulatory authority announced on Monday that the Trojan virus currently “records user input from banking and crypto apps.”

BaFin in a statement noted that the malware has attacked about 400 banking and crypto apps from around the world including Germany.

“How exactly the software gets onto the infected end devices of consumers is unclear. Godfather is known to display fake websites of regular banking and crypto apps. When consumers log in via these websites, their login details are transmitted to the cyber criminals,” BaFin explained in the statement.

Furthermore, the German regulator explained that the malware sends push notifications to unsuspecting users in order to get the codes for the two-factor authentication security system. “With this data, the cyber criminals may be able to access consumers' accounts and wallets,” BaFin added.

Comments

All Comments

Recommended for you