Beware! Red Alert 2.0 Trojan Will Steal Your Bank Login Details | Techpaded Blog
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Beware! Red Alert 2.0 Trojan Will Steal Your Bank Login Details

in recent times, we've witnessed an influx of malicious malware and viruses being released to affect the unsuspecting populace. Most of them are interested in displaying unwanted ads, spamming, stealing email and other social networks login details. But Red Alert 2.0 Trojan is only keen on getting your bank login details, thus, emptying your account.

Red Alert 2.0 Trojan

What is Trojan
Trojan horse or Trojan, is any malicious computer programme (in this case a mobile application) that appears harmless but deceives users of its true intent, which is to provide unauthorised access to your device or steal sensitive information. The term (Trojan) is derived from the Ancient Greek story of the deceptive wooden horse that led to the fall of the city of Troy.

What is Red Alert 2.0 Trojan
Red Alert 2.0 Trojan is a new Android malware whose area of concerntration is to steal victims' banking and social logins details from their phone. That's why you should be very careful of apps you install and give certain authorisation.

How Red Alert 2.0 Trojan Works
The Red Alert 2.0 Trojan can be found in apps available on third-party app stores, such as fake a versions of a legitimate banking or social networking mobile apps. For instance, you could run a search for XYZ and find a replica of the app and go on to install.

Once you launch such app in your phone, it presents you with similar login details as seen in the official app. Then your details will be stolen and sent to the hackers over the internet if you proceed to enter your login details,

Another dangerous feature of this malware is its ablility to intercept and block incoming verification calls and SMS from banks and social networks. It can also harvest info from those text messages for the use of the hackers. So in a nutshell, Red Alert 2.0 Trojan, if active on your mobile phone, can steal your login details and your money, at the same time keeping you unreachable by your bank if they suspect malicious activities going on.

How Fast Will Red Alert 2.0 Trojan Spread
Researchers disclosed that the virus is being sold on hacking forums for as low as $500, meaning that it can get in the hands of a lot of bad people easily. Red Alert 2.0 targets over 60 Android banking and social apps. However, the number can increase quickly, considering how cheap it is being sold.

Red Alert 2.0 reportedly affects phones running Android version 6.0 (Marshmallow) and earlier.

Safety Tips
1. Upgrade your smartphone to Android 7 Nougat.
2. Keep off 3rd party websites, download your apps only from official sources
3. If you should install your Android mobile app from untrusted sources, always take a closer look at the details. Do not proceed if you see any little tell-tale signs.
4.When wanting to install banking and social apps, if possible, use a link provided on your bank’s website.
5. Read permissions thoroughly before authorising apps.

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