Mobile Banking Trojan is also known as Ghimob is a trojan that is like a spy in your pocket and can be accessed by its operation remotely.
This Trojan is used by Cyber Criminals to bypass financial institutions and anti-fraud measures, to make someone a crime-related transaction through the victim's phone.
Like other Android malware, banking trojans spread under the disguise of some useful programs. The malicious functionality of such applications, is not advertised by the developers. It manifests by the developers. It manifest itself either other some time or other downloading the next update.
The mobile banking trojans can contain HTML code of several dozen pages with a different design than the copy the application interface of the most popular banks.
After that, it remains only to intercept the SMS with a one-time password to get full access to the bank account. Real incoming messages from banks are usually hidden in order not to arouse suspicion of the victim.
HOW THEY CAN HARM YOU ??
First of all, this trojan can invite so many criminal cases toward you . If the operator purchases any illegal item through your smartphone, then it will be you who is going to face legal problems.
***It can empty your bank in just one day***
The banking trojans capture the user's password and can gain unauthorized access to your bank account.