Mobile banking is very convenient, allowing users to access their bank account and manage their finances without actually visiting the bank. Unfortunately, mobile banking apps are a constant target for hackers. A recent blog post from Lookout reveals a cloned banking app that targets user logins was recently at large in the Google Play app store.

A Wolf in Sheep's Clothing

The malware is called BankMirage. It works by wrapping itself around a bank's original app, which in this case was the Israeli bank Mizrahi Bank. Attackers then successfully uploaded the app to the Google Play store. When customers opened the app, they would be instructed to enter their login information at which point the malware grabs the user's ID. After entering the correct information, the user then gets an error message saying their login was incorrect and to install the real app from Google Play.

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