Krebs on Security: I recently encountered a botnet targeting Android smartphone users who bank at financial institutions in the Middle East. The crude yet remarkably effective mobile bot that powers this whole operation comes disguised as one of several online banking apps, has infected more than 2,700 phones, and has intercepted at least 28,000 text messages.
The botnet — which I’ve affectionately dubbed “Sandroid” — comes bundled with Android apps made to look like mobile two-factor authentication modules for various banks, including Riyad Bank, SAAB (formerly the Saudi British Bank), AlAhliOnline (National Commercial Bank), Al Rajhi Bank, and Arab National Bank.
