Cyber Risks · Unit 42 Palo Alto Networks

Financial Fraud APK Campaign

Summary: Unit 42 documented a family of malicious Android APK files targeting Chinese users that impersonate law enforcement, claim the victim's phone number or bank account is tied to financial fraud, and prompt them to enter payment card details so attackers can drain the account. Indicators appeared as early as November 2022, delivery attempts surged to a peak of 717 in September 2023, and the app - installed as "安全防护" ("Security Protection") - requests CALL_PHONE and RECEIVE_SMS permissions to block incoming calls and texts.

What's compelling: The app blocks incoming calls and SMS so victims cannot receive fraud alerts from banks or legitimate law enforcement while the account is being drained, and because it is distributed outside Google Play, it never passes official store review.

Read the original at Unit 42 Palo Alto Networks ↗

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