A New Banking Malware Disguises as Security Module Steals Your Banking Credentials

A new unique banking malware dubbed CamuBot poses itself like a security module from the bank to gain victim’s trust and tempt them into installing the malware on their device.

The threat actor’s actively targeting the companies and public sector organizations using a number of social engineering techniques to bypass the security controls.

Security researchers from IBM spotted the CamuBot malware is more sophisticated and designed with a new code. It is different from the common banking trojans and it is blended with a number of social engineering techniques for device take over.

Unique Banking Malware Targets Business Bank Account Customers

The attack start’s with some basic reconnaissance, they use to call the person who is holding the Business Bank Account and identify them as the bank employee and ask the victim’s to navigate to the URL to ensure their security module is up to date.

It is a fake page to trick the victim’s so it comes up as negative and ask’s them to install a new security module. Also, it advises the victim’s to run the security module as an admin user and to close any other running programs.

To gain user’s trust it shows the banking logo and the modules install into the victim’s device silently. It also establishes a proxy module and add’s itself into the firewall to make it appear trusted.

The executable, name of the file and the URL are not a static one, they continue to change for every installation. Communication established through Secure Shell (SSH)-based SOCKS proxy.

Once the installation completed it pop-up a screen and redirects victim’s to a phishing page that designed like a banking portal. The phishing page asks victim’s to input his or her credentials and attackers make use of it. Attackers hang up after the account takeover.

According to IBM X-Force researchers, if there is any endpoint the malware is used to install additional drivers for the device, then attackers ask to enable remote sharing if the victim authorizes then it enables attackers to intercept to intercept one-time passwords. By having the one-time passwords the attackers can initiate a fraudulent transaction.

The delivery of CamuBot is personalized, at this time, CamuBot targets business account holders in Brazil and not in any other geographies said X-Force researchers.

Also Read

Dangerous Android Malware that Steals Banking Credentials, Call Forwarding, Keylogging, and Ransomware Activities

Android Device With Open ADB Ports Exploited to Spread Satori Variant of Mirai Botnet

60,000 Android Devices are Infected with Malicious Battery Saver App that Steals Various Sensitive Data

Guru baran

Gurubaran is a co-founder of Cyber Security News and GBHackers On Security. He has 10+ years of experience as a Security Consultant, Editor, and Analyst in cybersecurity, technology, and communications.

Recent Posts

GoPlus’s Latest Report Highlights How Blockchain Communities Are Leveraging Critical API Security Data To Mitigate Web3 Threats

GoPlus Labs, the leading Web3 security infrastructure provider, has unveiled a groundbreaking report highlighting the growing, widespread use and potential…

9 hours ago

C2A Security’s EVSec Risk Management and Automation Platform Gains Automotive Industry Favor as Companies Pursue Regulatory Compliance

In 2023, C2A Security added multiple OEMs and Tier 1s to its portfolio of customers, successful evaluations, and partnerships such…

10 hours ago

Wireshark 4.2.4 Released: What’s New!

Wireshark stands as the undisputed leader, offering unparalleled tools for troubleshooting, analysis, development, and education. The latest update, Wireshark 4.2.4,…

12 hours ago

Zoom Unveils AI-Powered All-In-One AI Work Workplace

Zoom has taken a monumental leap forward by introducing Zoom Workplace, an all-encompassing AI-powered platform designed to redefine how we…

12 hours ago

iPhone Users Beware! Darcula Phishing Service Attacking Via iMessage

Phishing allows hackers to exploit human vulnerabilities and trick users into revealing sensitive information and grant unauthorized access. It's an…

13 hours ago

2 Chrome Zero-Days Exploited at Pwn2Own 2024: Patch Now

Google has announced a crucial update to its Chrome browser, addressing several vulnerabilities, including two zero-day exploits showcased at the…

16 hours ago