How to keep personal banking details safe from Flubot

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The Nigerian Communications Commission (NCC) at the weekend alerted Nigerians of a new malware, Flubot that “targets Androids with fake security updates and App installations.”

Malware is a generic word used to describe a virus or software designed specially to “disrupt, damage, or gain unauthorised access to a computer system.”

It was gathered that the malware is mainly being spread by scam text messages, the content of which is evolving quickly.

Flubot is able to spy on consumers and access contact details once it infiltrates a user’s phone system. It can even go on a text message spree that will send out more malicious messages to further spread the spyware.

Flubot, according to NCC, “impersonates Android mobile banking applications to draw fake web view on targeted applications”

READ ALSOFlubot about to hit android phone users, NCC warns

The goal of the virus transcends stealing personal data and essentially targets stealing of credit card details or online banking credentials.

This app is also infected with spyware, meaning it can act as a window for criminals into your phone.

Criminals will then try to gain access to personal bank accounts, email addresses and any other valuable accounts via this spyware.

Here are ways to keep your details safe according to the NCC:

  1. Do not click on the link if you receive a suspicious text message on your mobile phone, and do not install any app or security update the page asks you to install.
  2. Use updated antivirus software that detects and prevents malware infections.
  3. Apply critical patches to the system and application.
  4. Use strong passwords and enable Two-Factor Authentication (2FA) over logins.
  5. Back up your data regularly.
  6. If you have been affected by this campaign, you should reset your device to factory mode as soon as possible. This will delete any data on your phone, including personal data.
  7. You will also need to change the passwords to all of your online accounts, with urgency, around your online bank accounts.
  8. If you have concerns that your accounts may have been accessed by unauthorised people, contact your bank immediately.

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