The Federal Financial Supervisory Authority (BaFin) has issued a warning about a crypto malware called Godfather.
According to the official notice, the malware in question is capable of recording user input in banking and cryptocurrency apps. The malware is able to target around 400 banking and crypto apps, including those operated in Germany.
German regulator stated that it was unclear how exactly the malware infects the devices of consumers. However, it was noted that “Godfather” malware disguises as fake websites of regular banking and crypto apps. Once a user enters their sensitive information into these fake applications or websites, the malware collects user login details and transmits them to cybercriminals.
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The malware is capable of sending push notifications to get the codes for two-factor authentication. With this data, cybercriminals may be able to gain access to consumers' accounts and wallets despite their high-security measures.
Although the warning has been issued just recently, this is not the first time the malware has been encountered. Group IB, a computer software company, first discovered the Godfather as a mobile banking Trojan in June 2021.
This Trojan was designed to steal the login credentials of users for banking and cryptocurrency exchange accounts. In 2022, the malware stopped being distributed. Analysts believe that this was a planned move so the developers could update it. The Godfather Trojan reappeared in September 2022 with slight modifications.
In other news, malware infects devices disguised as a Pokemon NFT card game.
