Security experts have warned about a dangerous new form of malware that is infecting Android devices.
Known as Faketoken, the virus is capable of recording calls and intercepting texts, which in turn, means that it can obtain personal data such as bank details.
According to cyber security firm Kaspersky, the malware “hides its shortcut icon and starts to monitor all of the calls and whichever apps the user launches” as soon as it has infiltrated your Android smartphone.
The virus which is described as “malware like” can steal information from over 2000 apps including Android Pay.
According to reports, as soon as Faketoken is launched, it immediately replaces the user interface with a fake one that asks the user to input their financial information.
“The substitution happens instantaneously, and the colors of the fake UI correspond to those of the original launched app,” said Kaspersky.
This then siphons personal information such as credit card details and other personal information. Frighteningly, if you receive information such as OTP numbers, the malware can intercept these too.
Further to this alarming news, the virus can steal any incoming texts messages and send them to command-and-control servers, where hackers can use the access code to gain access.
Once again, it is stark reminder that installing third-party apps is very dangerous and we should stick to those only available through the Play Store.
Although downloading apps exclusively from the Google Play Store is no guarantee your smartphone or tablet will stay virus free.
Earlier this week, security firm Lookout found 500 apps which contained a software vulnerability that meant they could easily be infected with malware.