The Android-targeting BankBot malware (all variants detected by Trend Micro as ANDROIDOS_BANKBOT) first surfaced January of this year and is reportedly the improved version of an unnamed open source banking malware that was leaked in an underground hacking forum. BankBot is particularly risky because it disguises itself as legitimate banking apps, typically using fake overlay screens to mimic existing banking apps and steal user credentials. BankBot is also capable of hijacking and intercepting SMS messages, which means that it can bypass SMS-based 2-factor authentication.
Post from: Trendlabs Security Intelligence Blog - by Trend Micro
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