How to protect your phone against Xafecopy malware that's stealing money from you

2017  has witnessed numerous ransomware and malware attacks. The new malware Xafecopy Trojan, which steals money from mobile phone users, has been recently detected by a Russia-based internet security firm Kaspersky.  What's alarming is that the penetration rate reveals  40 per cent of the malware's targets has been in India.

The Xafecopy Trojan is categorised as a malware because it gets side loaded along with other useful apps and then loads malicious code onto the device.

Here is how the Xafecopy Trojan works:

The major entry point for any malware or ransomware is the installation of unverified apps from unknown sources. While the default setting of most smartphones restricts installing any app from an unknown source, the setting can easily be changed by the user.

Once the unverified app affected with Xafecopy Trojan or any other malware is installed and activated in the mobile phone, they spread in the root files of the smartphone and operate discreetly.

The Xafecopy malware clicks on web pages with Wireless Application Protocol (WAP) billing - a form of mobile payment that required no credit/debit card information or CAPTCHA for security. The cost of purchases made through WAP billing is charged directly through the user’s bill.
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