SharkBot: The Illusive Crypto Stealing Malware

Cybercriminals always create new strategies to steal money from their victims since the bitcoin market has many opportunities for financial benefit. The most recent example is the virus known as Sharkbot, which was recently distributed on the Google Play Store as “Mister Phone Cleaner” and “Kylhavy Mobile Security” apps. Google Play has witnessed a significant increase in fraudulent applications only in the last month alone, many of which are aimed at those wishing to invest in cryptocurrency.

When it infects consumer gadgets, the virus SharkBot focuses on bitcoin and banking apps. It also collects cookies from accounts and stays away from user input-required verification procedures like fingerprint scanning. Alberto Segura, an infection specialist, tweeted information about this malware to warn Android users.

The re-emergence of Sharkbot prompts speculation about the possibility that there are further harmful programs that have gone undiscovered and are ready to attack inside the Google Play store.

How does SharkBot malware work?

The banking malware called SharkBot was first identified in 2018. This malicious program was discovered to specifically target cryptocurrency apps from exchanges and trading providers. The software would take the victim’s login credentials, giving hackers access to their account to carry out nefarious deeds. SharkBot has subsequently developed and is now a more sophisticated menace than it was in the past because it employed cutting-edge evasion strategies.

Over 100,000 individuals downloaded the fraudulent program, it was discovered. Applications for trading bitcoins and using exchanges like Poloniex and Bittrex were used to conceal the infection. To get access to users’ login information, the applications were made to deceive users.

Using the victim’s identity and email address, the SharkBot virus initially establishes an account on the device. Once logged in, it attempts to steal the victim’s login information from their account on the selected cryptocurrency exchange. Additionally, the virus tries to take the two-factor authentication code from the victim’s app. If the infection is effective, the hackers will be able to access the victim’s account and carry out their evil plans. Most frequently, malware is used to take money out of an account or make purchases.

Identifying the SharkBot malware

The best course of action is to stay alert for any strange activity because the infection is hard to spot. You may be infected if you exhibit any of the warning indicators listed below.

Your account was probably hacked if you notice unauthorized withdrawals from it, a sudden increase in your balance, or emails from your exchange requesting a password reset that you didn’t request. Your exchange is the place where you may report suspicious behavior, but be aware that you could not receive your money back. Take the following actions if you determine that you are at risk of infection:

#Only get software from reliable sources. Software should only be downloaded from reliable sources. Read the evaluations and keep an eye out for any indications of harmful behavior if you have to install a program from a website you don’t trust.

#Enable automatic updates. You should configure your Android phone to update all of the installed apps automatically. This will ensure that the software is operating at the most recent version, which frequently includes security bug updates.

#Set up a mobile security app. You can locate and uninstall harmful apps from your smartphone using a reliable mobile security solution. A security solution is the first line of protection against dangers like the SharkBot infection.

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