Zeus Banking Trojan Hits Android Phones

Thursday Jul 14th 2011 by Datamation.com Staff

The ZeuS gang is using the Zitmo trojan to steal one-time use online banking passwords.

InformationWeek: Security experts say the Zitmo trojan has begun showing up on Android phones. "The malware poses as a banking activation application," blogged Axelle Apvrille of Fortinet. "In the background, it listens to all incoming SMS messages and forwards them to a remote web server."

Many banks now send one-time use online banking passwords via SMS. The trojan forwards these passwords along with other text messages to the ZeuS gang, which can then use the passwords to conduct fraudulent transactions.

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