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Android Security

Android iBanking Malware Still Fetches $5,000 25

Posted by Unknown Lamer
from the malware-for-the-rich-and-famous dept.
itwbennett (1594911) writes "Symantec and RSA published details on their blogs on Tuesday about the iBanking Android program, which is being used by two Eastern European cybercrime groups to intercept one-time SMS passcodes used for logging into bank accounts. IBanking's source code was leaked in February, which should have caused its price to drop. But its developer has continued to develop iBanking and provide support, and the malware is still commanding $5,000 per copy, one of the highest prices seen for a type of malware, according to research from Symantec."
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Android iBanking Malware Still Fetches $5,000

Comments Filter:
  • by Opportunist (166417) on Wednesday May 21, 2014 @01:07PM (#47057653)

    I cannot speak for this special case, since I lack the detailed info, but in general, those 5k bucks usually give you more than just the program. Such groups usually sell the whole package, including servers, server software, malware and for a little more money also a spam service to carpet bomb mail addresses with the malware spam.

    In other words, you needn't be in any way apt with computers to commit "cybercrimes" anymore. You can get the "for dummies" package, including detailed step by step instructions how to use it.

    Why those groups don't simply do it themselves and sell it instead? First, it's more profitable. And second, it's legal (for them at least, might be different in your country) to sell the software, but not to use it.

    I don't know why, but it does start to remind me of drug cartels.

Computers can figure out all kinds of problems, except the things in the world that just don't add up.