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Avast further noted that the malware is sophisticated enough to steal read text messages including one-time passcodes (OTP) messages sent by financial institutions as well as two-factor authentication (2FA) messages. Once the user attempts to access one of these apps and enters their credentials those are then stolen by the overlay and sent to a command and control server under the hacker’s control. Once installed on the victim’s device Cerberus creates an overlay which it places on existing financial and banking apps found on the device.
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Once the APK was executed Cerberus would then be dropped on the victim's device.
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The triggering of dormant code resulted in the app connecting to a command and control server which further instructed the app to download an additional Android Application Package (APK) to devices. Once the attackers had deemed that enough trust was achieved, dormant code in the app was activated which turned the currency converter into a dropper for Cerberus. It was from this point that the app slowly began to gain trust from users and would have resulted in more downloads. Initially, the app managed to bypass the security barriers placed by Google by simply being what it said on the tin, a currency converter, converting currency for users who downloaded the app initially in March when it was placed on the app store. It has gotten harder for hackers to abuse the app store but not impossible and requires a high level of cunning on the behalf of the attacker. Just for this reason alone, the malware authors of Cerberus have a reason to target mobile devices running the Android OS. They are work and personal tools which if left unsecured can grant an attacker access to personal banking information, access to corporate networks and sensitive information people may be ashamed of if released to the wider public. Mobile devices are a favored target of hackers because of the wide array of functions the device will have in day to day operations. Initially, upon the malware’s discovery, the banking trojan was being offered as a Malware-as-a-Service ( MaaS) by renting out the malware to other hackers as well as providing technical support, often in a parody of the Software-as-a-Service business model.Īccording to a report published by Avast, researchers discovered that an app, “Calculadora de Monedaí” translated directly to English as money converter, had been downloaded over 10,000 times onto a wide variety of Android devices.
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Cerberus is a relatively new banking trojan discovered in June 2019, primarily designed to infect Android devices and steal private banking information which the attackers use to turn a profit, either selling on banking details or using the details themselves to commit fraud. Cerberus has achieved just that being discovered by researchers hidden behind a currency converter targeting Spanish users. That being said, it is not impossible for malware to find its way onto the app store, more often than not hidden behind the illusion of being a useful app. Better security policies and procedures help prevent the Android user base from increasingly becoming victims supporting a hacker’s needs. For the most part, Google has made several great strides in preventing malware from abusing the Google Play app store.