Fake Login Pages To Steal Bank Data

Uploaded on 2023-12-01 in FREE TO VIEW, BUSINESS-Services-Financial

As retail banking services have been transformed by the Internet and Mobile technology, the apparent convenience of online transactions has come at a significant cost as cyber criminals have engaged in defrauding banks and their customers. Now, Australian bank users are being targeted in a new malware campaign.

Unsuspecting victims are being deceived by highly convincing fake login pages on their banking apps, which appear to be authentic but are criminally motivated.

Customers of several major Australian banks are being deceived into downloading a malicious app in response to seemingly legitimate text and email messages from their bank. The messages contain links to a page that either tells you to download or to add some personal details. It is a new malware called Octo and it's the latest offering from cyber criminals which can be bought on the Dark Web.

Data obtained by the ABC television channel has uncovered what appears to be the first major distribution campaign of the malware which is capable of monitor telephone calls, collecting contacts, dodging antivirus software, bypassing multi-factor authentication and key-logging email and text messages. It can also do overlay attacks, which is what happens when hackers superimpose a fake login page over an authentic app, like the ones above, to trick you into giving up your credentials.

Many of Australia’s major Banks are caught up in this scam, including ANZ, Bank Australia, Bank of Melbourne., HSBC, WestPac and several others. Hundreds of Australians have reportedly become victims by downloading the malware onto their personal devices.

The threat of cyber criminals using bogus login pages to steal banking information is pervasive. Banks and their online customers must be alert and resist complacency that their existing security measures are good enough to protect them and maintain their trust in online banking services.

ABC: McAfee: NCSC: TerraNova / Forta Security: Malwarebytes: Newsbreak:

Image: Tumisu

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