Communications of the ACM
iOS Users' Face Scans Used to Break into Mobile Banking Accounts
While Android malware is more common, given the platform allows users to sideload apps, the iOS discovery shocked researchers more given the tighter security controls on Apple's platform.
Credit: pcmag.com
iOS users are being targeted with malware that steals face scans from Apple devices to break into and steal money from bank accounts.
A Chinese-speaking cybercrime group, dubbed GoldFactory by researchers at software company Group-IB, started distributing trojanized smartphone apps in June 2023; the latest GoldPickaxe version has been around since October.
GoldPickaxe and GoldPickaxe.iOS target Android and iOS respectively, tricking users into performing biometric verification checks that are ultimately used to bypass the same checks used by legitimate banking apps in Vietnam and Thailand.
From The Register (U.K.)
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