ESET researchers have uncovered a new Android malware called ngate that can intercept and manipulate NFC (Near Field Communication) traffic to steal money. The malware specifically targets NFC payments, which are commonly used for contactless transactions via mobile devices. Once installed on a victim’s device, ngate can relay payment information and reroute funds to accounts controlled by the attackers.
The malware disguises itself as a legitimate application, making it difficult for users to detect. It gains access to the device’s NFC capabilities and can operate silently in the background, without alerting the user. This allows the attackers to exploit the mobile payment system and commit fraud without the victim’s immediate knowledge.
ESET advises users to be cautious when downloading apps, recommending that they only install apps from trusted sources like the Google Play Store. Additionally, users should regularly check their bank statements for unauthorized transactions and use mobile security solutions to detect and block malware.
The discovery of ngate highlights the increasing sophistication of cybercriminals in targeting mobile payment systems and the importance of staying vigilant to protect personal financial information. Protection of your device and your money starts here