Hundreds of thousands of Android users infected by banking malware hosted on Play Store

In another instance of threat actors sneaking malware-ridden apps past Google’s threat detection filters, cybersecurity researchers have revealed that over 300,000 users have downloaded malicious Android apps containing banking trojans.

The researchers at ThreatFabric have identified four families of banking trojans that have recently been distributed via Google Play. In a breakdown of the modus operandi, they note that these strains have collectively led to “significant” financial losses for the targeted banks.