Starting late December 2020, IBM Trusteer’s mobile threat research lab discovered and began closely tracking a new Android banking malware that appeared to be mostly targeting users in Spain. Per our analysis, the purpose of the malware is to steal credit card numbers, bank account credentials and other private information from its victims. Once a user is infected, FakeChat operators can steal all the necessary data to successfully defraud the user. IBM Trusteer customers received an early release of this report.

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