What Is Mobile Banking Malware?

Mobile banking malware is a type of software that disguises itself as a legitimate app or update. Once installed, it can:

• Steal your login credentials
• Access your financial accounts
• Drain your funds or commit identity theft

Some malware even creates a virtual copy of your banking app, making it nearly impossible to detect that anything is wrong.

How Does It Spread?

These threats often reach users through:

• Fake apps that look like real ones
• Phishing links in emails or text messages
• Malicious updates to existing apps

Once installed, the malware may ask for permissions that give it full control of your device. From there, it can silently monitor your activity and capture sensitive information.

Who Is at Risk?

Anyone using a smartphone for banking, shopping, or managing finances is a potential target. While Android users are often more affected due to the open nature of the platform, iOS users are not immune.