Malware Xbot is not widespread yet and appears to be targeting devices in Australia and Russia. Malware uses a technique called activity hijacking to carry out attacks aimed at stealing online banking and personal details. Xbot can also scrape the phone for personal data, such as contacts, SMSes and SMSes, and send the data to the attackers. Researchers say Xbot may try to expand its target base in the hope of making it harder to detect and harder to do so, Palo Alto Networks wrote.”]
Source: https://www.csoonline.com/article/3035255/a-new-android-banking-trojan-is-also-ransomware.html