Key Takeaways:
- 1. Smartphone banking has made life easier but also opened new opportunities for cybercriminals.
- 2. A new Android malware called NGate uses NFC activity to access a victim’s bank account and steal money in real time.
- 3. To stay safe, download apps only from the Play Store, use strong antivirus software, keep devices updated, use a password manager, enable two-factor authentication, be cautious of suspicious messages, and review app permissions.
Smartphone banking has brought convenience but also risks as cybercriminals exploit vulnerabilities. The NGate malware steals money by intercepting NFC activity and capturing authentication codes. To protect against such threats, users should download apps only from the Play Store, use antivirus software, keep devices updated, use password managers, enable two-factor authentication, be wary of suspicious messages, and review app permissions.
Insight: Cybercriminals are leveraging social engineering and modern payment systems' secure features to steal money through sophisticated malware attacks that require users to be vigilant and adopt strong security measures to safeguard their financial data.
This article was curated by memoment.jp from the feed source: Fox Scitech.
Read the full article here: https://www.foxnews.com/tech/how-android-malware-lets-thieves-access-your-atm-cash
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