FakeBank Malware Redirects Banks Calls to Scammers Instead

New Malware, FakeBank, Targets Android Devices

A new malware has been circulating on Android devices.  The malware, deemed FakeBank, infects Android devices through third-party apps and website downloads.  Once in the device, FakeBank will reroutes the user’s bank calls to scammers instead.

Also, the cyber criminals also have the ability to mask their phone number as the banking institution, so they may call the users claiming to be from their bank.  Although, this risk only presents itself for users who are running versions of the Android operating system previous to Android 8.  Security measures were built into the Android 8 and newer operating systems, which are able to block the scammers from taking over the caller ID and presenting as a legitimate bank.

At this time, the banks targeted are primarily in South Korea.  However, if the scam is successful, there is no reason why it would not spread throughout the globe.

Staying Protected

To thwart malware infects on your Android devices, be sure to read the end-user license agreement, terms and conditions, and permissions you’re granting the app.  Also, be sure to run a security solution on the device.  If you’re already a PC Matic user, you may use PC Matic for your Android devices as well.  Below are the steps to download PC Matic on your Android device:

  1. Access the Google Play Store
  2. Search “PC Matic for Android”
  3. Download app
  4. Login with your existing PC Matic credentials
  5. If you need any additional assistance, please reach out to our support team at www.pcmatic.com/help

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13 thoughts on “FakeBank Malware Redirects Banks Calls to Scammers Instead

  1. I downloaded PcMatic onto my android version4 but it kept crashing, freezing and slowing down my phone. I had to uninstall and put on AVG. I have been a PC matic user on my computers for MANY years and would love to use it on my phone but i only have 5g internal memory with a 16g sd card. How do I use it on my phone?

    • Deniece, our application currently supports Android versions 4.0.3 and up. Make sure you’re updated to the most current version your phone supports.

    • If this form of malware is installed — yes. It reroutes your bank calls directly to hackers. However, at this time, the only banks being targeted are in South Korea.

      • @Kayla Elliott: Kayla, the question was “If you DON”T use a smart phone…” That means to me that he is using a land line. I have never heard of any kind of malware being installed on a land line — an old-fashioned, standard desk phone.

        This kind of stuff is why I have NEVER tried to do ANY kind of online communication with a financial institution, while using a smart phone. I do a lot of online transactions with my bank and credit card organizations, but it’s all done through my desk computer at home, where I can vouch for the security of the system I’m using.

  2. I DON’T use my phone for any financial business, if I receive a call from my institution I will return the call from
    my land line at home or will stop into a branch office, if I get an email asking for information again the same steps taken and don’t respond to the email

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