New Android malware uses OCR to steal credentials from images
Two new Android malware families named 'CherryBlos' and 'FakeTrade' were discovered on Google Play, aiming to steal cryptocurrency credentials and funds or conduct scams. [...]
Scams use deception to steal money, credentials, or sensitive data, making them a cybersecurity risk for individuals and organizations.
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Background for this topic.
Scams are deceptive schemes intended to make people surrender money, credentials, sensitive information, or access. In information security, they commonly use phishing messages, impersonation, fraudulent websites, business-email compromise, fake technical support, or malicious attachments. Their defining feature is manipulation: the attacker creates a credible pretext and pressures the target to act before verifying the request.
Security teams should treat scams as an attack surface spanning email, messaging, telephone calls, social media, and payment workflows. Material risks include account takeover through stolen credentials, unauthorized payments, disclosure of personal or company data, and malware execution from deceptive content. Useful controls include phishing-resistant authentication, secure payment-change procedures with independent verification, filtering and domain protections, user training focused on reporting, and rapid review of suspicious messages or transactions. Incident handling may require revoking sessions, resetting credentials, contacting financial institutions, preserving evidence, and notifying affected parties where applicable.
Two new Android malware families named 'CherryBlos' and 'FakeTrade' were discovered on Google Play, aiming to steal cryptocurrency credentials and funds or conduct scams. [...]
Trend Micro’s Mobile Application Reputation Service (MARS) team discovered two new related Android malware families involved in cryptocurrency-mining and financially-motivated scam campaigns targeting Android users.