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New Android Trojan Bypasses PayPal’s 2FA

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In response to new research finding that anAndroid Trojan steals money from PayPal accounts even with 2FA on, two experts with OneSpan offer perspective and considerations for both end users and developers.

Sam Bakken, Senior Product Marketing Manager atOneSpan:

It’s time for all of us to be more scrupulous when it comes to the apps that we install and the permissions we grant them. Accessibility permissions are incredibly powerful and can lead to malware taking action on your behalf inside your apps which is what occurred in this case. Though it’s not a cure-all (after all banking Trojans make it onto official stores as well), it’s best to stick with official app stores. In addition, before you download the app, make sure you’re taking time to read reviews — especially the negative reviews as miscreants are known to create fake positive reviews of their apps in order to hook more victims. Finally, when we download an app, we need to think hard about whether there’s...(continued)

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