Bankbots are now playing hide and seek in your phone apps. Bankbots are effecting Citi, Chase, DiBa, and WellsFargo users in countries like the US, Australia, Germany, Netherlands, France, Poland, Spain, Portugal, Turkey, Greece, Russia, Dominican Republic, Singapore, and the Philippines. These apps have been removed from the Play Store but older versions of the app were still active until recently, which allowed bankbots to retrieve banking information from people.
The bankbots remained under the radar as Google's security system in the Play Store was not able to detect them and hackers were able to integrate them into apps like "Classic Solitaire" and "XDC Cleaner", which activate the virus as soon as the app is downloaded.
The malware is able to use a fake user interface on your banking app which allows them to obtain your user ID and password when you type them in the app. Scary!
But unfortunately, as technology improves, so do methods of hacking into accounts. Here are some tips that lessen the likelihood of this happening to you:
There are many other apps that have had a history of hacking into peoples phones to retrieve information which may have been shut down but have now released a newer version so always do your research before you download anything.