Banking apps targeted by newly found Android malware

This newly discovered Android malware can steal bank details on Android phones

Customers of the four of Australia’s largest banks are targeted by a sophisticated Android attack that steals account details and removes two-factor authentication security functionality.

The four big banks involved are the Commonwealth Bank, National Australia Bank, Westpac and the ANZ Bank. These banks’ millions of customers have been put at risk by the malware which infects devices and hides from the user, waiting for the moment when a user opens the banking apps.