If you're deeply involved in IT security, you may already be familiar with the ERMAC Android banking trojan.

If this is the first time you're hearing of it, be aware that the hackers who authored the malicious code have recently released ERMAC 2.0, which represents a significant upgrade in capabilities from the previous iteration.

ERMAC's main purpose is to steal and send login credentials to the person controlling the code.  That person then uses the stolen passwords to take control of a target's bank accounts and/or cryptocurrency wallets and conduct fraud. Or in some cases, simple theft.

Access to ERMAC is subscription based on the Dark Web.  The 1.0 version of the malware could be yours for $3k USD per month.  This latest iteration is subscription priced at $5k USD per month.  Pricey, yes, but those who use it swear by it and are happy to pay.

ERMAC 2.0 was first spotted during a fake Bolt Food application that targeted the Polish market.  Bolt Food is a quite legitimate European food delivery service.  In this case, the hackers created a fake site that looked convincingly like the real thing and tricked users into downloading what they thought was a food delivery app.

Naturally, it was nothing of the sort, and instead of convenient food service, what the victims got was ERMAC 2.0 and a whole slew of headaches after that.

Although the Bolt Food app was the first, it is by no means the only app that the malicious code impersonates.  In fact, according to the latest research, ERMAC 2.0 is currently impersonating nearly five hundred popular Android apps.

In every case however, the campaigns that have been seen so far rely on a user agreeing to download an app from what they believe to be a legitimate third-party vendor site.  While it's an undeniably dangerous strain of malware, it is easily avoided simply by sticking to apps on the Google Play Store.  Stay vigilant, it's getting dangerous out there.


"Fortune Favors Who Value Time over Money!"

"TeQ I.Q. was the 1st IT Company to Deliver Cloud Solutions since 2003"
Tech issues taking up your Time?
"TeQ I.Q. Makes Your Technology Simple and Easy"
Do you have Tech Frustrations like your Computer, Internet, Phone, Cellphone, Camera, TV, Car?

     "We Take Away Your Tech Frustrations and Give You the Free Time You Deserve!"
Call Robert to ask all your Technology questions.

We are giving a Free in Person TeQ Seminar at our office in La Mesa every Wednesday from 12pm-1pm and a Free TeQ Support Q&A from 1pm-2pm. Go to https://www.teqiq.com/events for our upcoming Events and https://www.teqiq.com/seminars for info on each Seminar.

For Free Consultation Call Now Robert Black at (619) 255-4180 or visit our website https://www.teqiq.com/

Chase Bank and Others Trust TeQ I.Q. with their IT and TeQnology so can you!

Used with permission from Article Aggregator