Malware combines private data theft, banking credential theft and spoofing, and remote access into a single unit, where traditional malware has had only one such capability included in it. Researchers dubbed the malware as, a banking trojan that comes loaded with a malicious Android application which disguises itself as “Google Service Framework” The latest version of the malicious app is currently being used to defraud customers of eight popular Korean banks, but could easily be adapted by hackers to target European financial institutions. Google’s head of Android security says the majority of Android device users do not need to install any anti-virus solution and other security applications to protect their devices.
Source: https://thehackernews.com/2014/07/new-android-malware-hijackrat-attacks.html