New ‘Brokewell’ Smartphone Attack Drains Bank Accounts and Leaks Location, Posing ‘Significant Threat to Banking Industry’: Report

Security researchers have warned of a new malware, "Brokewell," targeting Android users by mimicking a Google Chrome update page. This malware can control devices, steal banking credentials, and track user location. It poses a significant threat to the banking industry by allowing attackers remote access to mobile banking assets.

The malware logs all device activity and sends it to a command-and-control server, compromising any confidential data entered. The Federal Trade Commission has issued guidelines to help avoid such malware attacks, emphasizing the importance of downloading software directly from trusted sources and being cautious of suspicious links and pop-ups.