Exobot Android malware will steal your money

Exobot Android malware will steal your money

Our cybersecurity team just found out that a new version of Android Exobot bank Trojan is being sold on cyberspace.
This new Trojan is a malware designed for Android and can be rented by anyone who wants.
Many other bank trojans exist like BankBot, GM Bot, Mazar Bot or Red Alert but none of them is so prolific and so active. Our team looked at this malware and discovered that customers don’t have access to the malware source code. Instead, any buyer can access its configuration panel from which he can compile the desired malicious applications.

The Exobot v1 was so profitable for its creator that he decided to update it to v2 and sold it everywhere on the cyberspace, for Dark Web to the public Internet.
The seals must be very high because for some reasons the cybercriminal behind Exobot decided that Exobot’s source code should be available for sale rather than the monthly subscription. Our experts believe that the reason because he does this is one of those two: he may be attracted too much-unwanted attention from the law enforcement agencies and other cybercriminals, or he becomes too rich form profit no longer motivates this kind of activity and risks or income.

The sell of the source code will have a significant impact on Android market, our experts say. And the effect will be in a wrong way because in a month or two the code will be leak online like in the other significant cases involving bank Trojans. Slempo, BankBot, and GM Bot Android Trojans were so prolific until their source codes leaked online and hundreds of new Trojans were created from there, that flooded the Android cyberspace.
Exobot is active in countries like Austria, the United Kingdom, the Netherlands and Turkey that is the most affected country form all four. Once the source code is out much more will join, our experts warn. The number of victims will be very high thanks to Android system fragmentation that leaves many devices unprotected because no security updates are available for them and also thanks to inadequate security that Google Play Store has which makes it possible for many malicious apps to be sold and advertised like trusted ones.

Our cybersecurity analyst recommends that every user should not install any 3rd party app stores or install apps outside trusted markets and even if it does install apps from trusted markets, it is always a must to have installed in their Android devices at least a security solution.

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