https://www.zimperium.com/blog/mishing-in-motion-uncovering-the-evolving-functionality-of-fakecall-malware/

A new, more sophisticated version of the FakeCall malware has emerged, posing a significant threat to Android users. This malicious app, designed to steal sensitive information and funds, works by intercepting outgoing calls made to banks and other financial institutions.

The latest iteration of FakeCall operates by tricking users into setting it as their default call handler. Once installed, the malware displays a fake interface that mimics the Android dialer, making it difficult for victims to detect the deception. When a user attempts to call their bank, the malware redirects the call to a number controlled by the attacker. This allows the attacker to gain sensitive information or even access to the victim’s financial accounts.

Researchers have warned users to be cautious and avoid installing apps from untrusted sources. They have also provided indicators of compromise (IoCs) to help identify and mitigate the threat.

This development underscores the ongoing threat of mobile malware and the importance of staying vigilant against emerging cyber threats. Users are advised to keep their devices updated with the latest security patches and use reputable app stores to download applications.