New Android Malware, Albiriox, Empties People’s Bank Accounts – Cybersecurity Experts Warn

Cybersecurity experts have discovered a new Android malware named Albiriox that can take hijack banking and cryptocurrency apps and  steal a user’s money. It spreads through harmful APKs distributed via messaging applications. However, steering clear of sideloaded apps and relying on trusted sources can safeguard users.

One advantage that Android has is the ability to sideload apps. This means that if there’s an application you desire that’s not available on the Play Store, you can get it from alternative websites. Nonetheless, this is quite risky, as you may unintentionally download malware. Should there be any reason for concern, you may want to heed warnings about a newly identified Android malware named Albiriox.

Android Malware Albiriox Can Empty Your Bank Account

Cybersecurity researchers from Cleafy have found a new Android banking malware called Albiriox. This kind of malware is categorised as a RAT, or Remote Access Trojan. It can gain complete control of an infected device to perform unauthorised financial transactions.

It is capable of compromising your banking and cryptocurrency applications. This implies that the attackers can access those apps and withdraw funds from your accounts without you noticing. Its particular danger lies in its ability to conceal itself very effectively in devices. This renders it more covert than conventional password-theft malware.

How are users becoming infected? As mentioned earlier, one of the benefits of Android is the allowance for sideloading apps. The Albiriox malware spreads via infected or counterfeit APKs.

This leads users to believe they are getting the authentic app, but they are not. The assailants are also using fake advertisements and sales to obtain contact information. Subsequently, the compromised APKs are shared via messaging applications such as WhatsApp and Telegram.

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What are your best safeguards?

The good news is that it’s fairly easy to prevent malware from being installed on your phone. To begin with, ensure that your app downloads originate from the Google Play Store. Although the Play Store has been recognised for containing counterfeit and malware-infected applications, Google has implemented a significantly stronger security framework.

Furthermore, ensure you avoid downloading or installing APKs sent through email, from dubious websites, or via instant messaging apps. Google is planning to implement changes that will impose restrictions on sideloading. The company initially intended to make it nearly impossible, but they have now reversed that decision. Google is set to unveil several options for users.