Cryptocurrency Malware Attack: Protect Yourself from Loapi Malware attack

Do you know you can be attract by malware from mining cryptocurrency? I don’t believe it because some months back i was once a victim of the malware that makes my phone to be burning like hot water. The malware kill my phone battery to the extend that my infinix note 3 with 4500mah battery capacity can’t last for 5 hours again.

Although, I being good in handling mobile, I was lucky enough to flash the phone and it stops (what if i am a novice in that aspect?). I didn’t know the cause of the overheat then but today i just find out that it’s loapi malware.
Cryptocurrency Malware Attack: Protect Yourself from Loapi Malware attack
Researchers at Kaspersky Lab uncovered a new Trojan malware called Loapi, which misuses Android smartphones to mine Monero tokens (a kind of cryptocurrency). This activity, uncontrolled by the phone’s owner, can overheat and cause physical damage to the affected smartphone. The malware can also inject ads to the smartphone, and recruit it for distributed denial of service (DDoS) attacks.

 

Kaspersky Lab said, “Users pick up the Loapi Trojan by clicking on an ad banner and downloading a fake AV or adult-content app (the most likely vehicles for this Trojan).” The Trojan will then lock the screen if the user does not give it admin rights.

 

One of the biggest ways in which the Trojan can harm your phone is through unsolicited mining of Monero tokens. This activity can cause overheating and end up harming the internals of the smartphone. “During our research, the battery of the test smartphone overcooked 48 hours after the device was infected,” said Kaspersky in the blog post.

 

Loapi can also spam the smartphone with banner and video ads. Loapi is also capable of downloading various other unknown apps and can open up certain pages on apps like Facebook, VKontakte, and Instagram.

 

This Trojan is even capable of causing financial loss to the smartphone owner. For example, Loapi can sign up users for paid subscriptions of apps. It has a module that secretly sends text messages to the mobile number, in order to authenticate the premium subscription. It doesn’t stop there; the Trojan then deletes all related incoming and outgoing messages from the phone.

 

Another way in which Loapi harms a smartphone is by using it as a participant in DDoS attacks against Web resources. Loapi has a certain level of modularity as its creators might transform it to perform different tasks – like ransomware, spyware, banking Trojan – in the future.

 

HOW TO PROTECT YOURSELF  FROM LOAPI MALWARE ATTACK

 

To protect smartphones from the Loapi Trojan, Kaspersky Lab advises, users should install Android apps only from official stores. Additionally, installation of apps from unknown sources should be disabled for better security. The cybersecurity firm also suggests installing a reputed antivirus to prevent such attacks.

 

I only encounter the overheat issue before i flashed the phone because i didn’t give it chance to moonup. So kindly learn today and be free from malware attack.

 

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