Germany’s financial regulator, BaFin, highlights that the new malware named “Godfather” is threatening 400 banking and cryptocurrency apps.
As per BaFin’s official website, It is unclear exactly how the software gets onto the infected end devices of consumers. Godfather is known to display fake websites of regular banking and crypto apps. If consumers log in via these websites, their login data is transmitted to cybercriminals.
As per the regulator, the malware sends push notifications to get the codes for two-factor authentication. With this data, cybercriminals may access consumers’ accounts and wallets.
The first alert on Godfather was enclosed in December, as per reports malware was having an arousing effect on targeting users and Android devices in 16 countries.
Group-IB Cybersecurity experts divulged originally the Godfather Trojan in 2021, but the malware has encountered tremendous code upgrades and rectification and has seen a big boost in activity over the past few months.
According to Group-IB cybersecurity experts, Godfather malware attacks almost 50% of banking apps, most of which come from the United States. Germany is among the most trouble-facing countries side by side with Turkey, Spain, France, and Canada.
This malware is targeting 110 cryptocurrency exchange platforms and 94 cryptocurrency wallet apps.
Cryptojacking makes an appearance as one of the biggest disasters for crypto apps in recent years in this industry. Just last month, North Korean hackers created fake phishing websites impersonating famous NFT platforms like Rarible and OpenSea and gained 300 ETH.
