Banks and financial institutions located all over the world are offering two-step verification to its users by default. In this offering, the user who makes an online transaction should input the verification code sent by the bank to his/her mobile phone.
But now, according to a new study, all those smart phones which are being powered by Android malware have the potential to hack a user’s bank account.
Android.Bankosy malware affects all versions of Google’s Android operating system and has a potential to misdirect the alerts to the hackers.
But the good news is that hackers must know login and password of the user, in order to use the verification code to indulge in a transaction which can be fund transfer or payment for services.
So, beware guys!