News - Godfather malware attacks crypto apps

By Ted Maas

Godfather malware attacks crypto apps

Scams, crime and fraud
Laws and regulations
Godfather malware attacks crypto apps

Germany's Federal Financial Supervisory Authority (BaFin) is currently warning about the Godfather malware. The malware is designed to record user input on banking and crypto apps.

The malware is said to attack around 400 banking and crypto apps in total, including those of operators from Germany, the BaFin warns in a press release.  According to the BaFin, it is not yet clear exactly how the software gets onto consumers' devices.

The authority stresses, "Godfather is known to display fake websites of regular banking and crypto apps. When consumers log in via these websites, their login details are passed on to the cybercriminals." In addition, the malware would send push notifications to obtain codes for two-factor authentication.

With this data, the suspected cybercriminals could potentially gain access to consumers' accounts and wallets. In a video, the German Federal Office for Information Security (BSI) explains how to handle such mobile applications safely.

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