Germany’s Federal Financial Supervisory Authority (BaFin) today issued a warning regarding the Godfather malware, which is currently targeting banking and crypto apps.
The malware is said to have attacked a total of around 400 banking and crypto apps, including ones from businesses in Germany.
It is unclear exactly how the software penetrates the devices of consumers. Godfather is known to display fake websites of regular banking and crypto apps. If consumers log in via these websites, their login data is transmitted to the cyber criminals.
The malware also sends push notifications to get the codes for two-factor authentication. With this data, the cyber criminals may be able to gain access to consumers’ accounts and wallets.
In a video by the Federal Office for Information Security (BSI), consumers learn practical tips on how to use apps safely on mobile devices.
