Zimperium zLabs has discovered a sophisticated evolution of the GodFather Android banking malware that uses on-device virtualization technology to breach mobile banking and cryptocurrency applications. The malware creates a virtual environment on a victim’s device allowing real-time monitoring and manipulation of user interactions. It is currently targeting about 500 applications, particularly focusing on Turkish financial institutions. This new level of mobile threat calls for advanced detection mechanisms and increased user awareness to combat the threat.
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