Android Malware Hits 42 Million Downloads, Risking Mobile Payments

 

Android malware is surging globally, with attackers increasingly targeting mobile payments and IoT devices, exposing critical vulnerabilities in systems heavily relied upon for communication, work, and financial activity. 

Recent findings from Zscaler indicate that 239 malicious Android apps were discovered on Google Play, amassing a staggering 42 million downloads, mainly by users seeking productivity and workflow solutions trusted in hybrid work settings. This reflects a pronounced shift away from traditional card-based fraud toward abuse of mobile payment channels using various social engineering tactics—such as phishing, smishing, and SIM-swapping.

Mobile compromise incidents are escalating rapidly, highlighted by a 67% year-over-year spike in Android malware transactions. Spyware, banking trojans, and adware are the dominant threats, with adware constituting 69% of all malware detections, indicating evolving monetization strategies among cybercriminals while the notorious ‘Joker’ family has sharply declined to only 23% of activity. The report outlines a trend of attackers focusing on high-value sectors, with the energy industry experiencing a dramatic 387% increase in attack attempts compared to the previous year.
This article has been indexed from CySecurity News – Latest Information Security and Hacking Incidents

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