The easiest way to prevent yourself from being a victim of one such mobile banking Trojan is to avoid downloading apps via third-party app stores or links provided in SMS messages or emails. Ways to Protect Yourself Against Such Android Banking Trojans Since Red Alert 2.0 can also intercept SMS text messages received by the infected smartphone, the trojan could work around two-factor authentication techniques that otherwise are designed to throttle such attacks. In case of banking apps, the recorded information is being used by attackers to initiate fraudulent transactions and drain the victim's bank account. The fake interface then informs the victim that there is an error while logging the user in and requests the user to re-authenticate his/her account.Īs soon as the user enters the credentials into the fake user interface, Red Alert records them and sends them to the attacker-controlled command and control (C&C) server to be used by the attackers to hijack the account.
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