A new malware Xafecopy Trojan has been detected in India which steals money through victims’ mobile phones, cyber security firm Kaspersky said in a report.
Around 40 per cent of target of the malware has been detected in India.
“Kaspersky lab experts have uncovered a mobile malware targeting the WAP billing payment method, stealing money through victims’ mobile accounts without their knowledge,” the report said.
Xafecopy Trojan is disguised as useful apps like BatteryMaster, and operates normally. The trojan secretly loads malicious code onto the device.
Once the app is activated, the Xafecopy malware clicks on web pages with Wireless Application Protocol (WAP) billing - a form of mobile payment that charges costs directly to the user’s mobile phone bill. After this, the malware silently subscribes the phone to a number of services, the report said.
The process also does not require user to register a debit or credit card or set up a username and password.