McAfee's latest Mobile Threat Report highlights the threat of Trojan malware related to the Covid-19 pandemic. According to the report, more than 90 percent of malware involving pandemic issues came in the form of a Trojan virus.
Security researchers in India found one of the first pandemic-related viruses in November of last year. Cybercriminals sent out SMS and WhatsApp messages prompting users to download an app to apply for a vaccine, months before the availability of vaccines in that country. Once downloaded, the app releases the malware, which steals incoming SMS messages and makes purchases through the app store. It also forwards itself to everyone in the victim's contact list.
The McAfee report also revealed that Trojan attacks focused on banking increased by 141 percent. By using SMS phishing messages, the cybercriminals have been able to evade screening mechanisms in app stores. "Over 90% Of All Pandemic-Related Malware Took Form Of Trojans: Report" ahmedabadmirror.com (Jun. 28, 2021).