Wema Bank warns customers over fake apps targeting banking details
“Once installed, the malware can take control of a device, steal banking credentials and transaction PINs, intercept SMS and One-Time Passwords (OTPs), and initiate unauthorized transactions through the customer’s registered mobile banking profile, without requiring a device change,” the bank stated.
According to Wema Bank, once installed, the malicious applications can take control of a victim’s mobile device, steal banking credentials and transaction PINs, intercept SMS messages, and one-time passwords (OTPs).
Wema Bank has warned customers to be vigilant against fraudsters using fake advertisements and pop-up prompts on social media, websites, and messaging platforms to trick users into downloading malicious mobile applications capable of stealing banking information.
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