Billions of Android phone owners warned over ‘bank wipeout’ – check your phone right now for ‘cursed’ apps

CYBERCRIMINALS are targeting your banking apps with latest malware.

Hackers have gained access to 450 different types of financial and banking apps to steal sensitive data with a new Nexus Android banking trojan.

The malware was first recorded in a new report from the cybersecurity firm Cleafy.

In computing, a Trojan is a type of malicious code or software that looks legitimate but can take control of your computer, according to Norton.

It's designed "to damage, disrupt, steal, or in general inflict some other harmful action on your data or network."

It achieves this by acting like a legitimate application or file, to trick you into downloading the malware onto your device, according to Norton.

How does the new Nexus trick you?

Once granted access to your device, cybercriminals can drain and steal money from your account by performing "overlay attacks," which means a fake version of an app is layered on top of a legitimate banking app.

So, when you attempt to log in to your banking account on an app, the overlay will register your username and password.

What damage does it cause?

Once installed on your device, the trojan can:

📌Steal login credentials, credit card details, and other financial information

📌Access two-factor authentication codes sent via text from the Google Authenticator app.

📌Erase text messages received on an infected device.

📌Update itself by pinging a cybercriminal-controlled command-and-control server.

📌Nexus can also use a "keylogger" to steal any passwords you type in or autofill on your phone, from email to social media.

Na person wey get money for account go dey fear..

All my money dey inside kolo...

Nothing fit do account wey money no dey nah