Android Banking Trojan Chameleon Is Back With Enhanced Capabilities That Can Disable Biometrics To Steal Your Passwords
Portfolio Pulse from Rounak Jain
The Chameleon banking trojan, first identified in January 2023, has evolved with new capabilities to disable biometric authentication on Android devices, allowing it to steal passwords and PINs. The malware, which initially targeted users in Australia and Poland, is now also affecting users in the U.K. and Italy. It disguises itself as Google Chrome apps and exploits Android 13's 'Restricted Settings' to bypass security measures. Alphabet Inc. (GOOG, GOOGL) is mentioned as the trojan masquerades as its Google Chrome apps.
December 27, 2023 | 12:57 pm
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NEGATIVE IMPACT
Alphabet Inc.'s Google Chrome apps are being mimicked by the Chameleon banking trojan to bypass Android biometric security and steal user credentials. This could potentially harm the reputation of Google's security measures.
The association of Google Chrome apps with the Chameleon banking trojan could lead to negative perceptions about the security of Google's products, potentially affecting user trust and, in the short term, Alphabet Inc.'s stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Alphabet Inc.'s Google Chrome apps are being mimicked by the Chameleon banking trojan to bypass Android biometric security and steal user credentials. This could potentially harm the reputation of Google's security measures.
The association of Google Chrome apps with the Chameleon banking trojan could lead to negative perceptions about the security of Google's products, potentially affecting user trust and, in the short term, Alphabet Inc.'s stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70