Faybert

Level 22
Verified
Malware Hunter
Security researchers at Dr.Web have discovered over 40 models of low-cost Android smartphones are shipped with the dreaded Android Triada banking malware.
Security researchers at Antivirus firm Dr.Web have discovered that 42 models of low-cost Android smartphones are shipped with the Android.Triada.231 banking malware.

“In the middle of 2017, Doctor Web analysts discovered a new Trojan Android.Triada.231 in the firmware of some cheap models of Android devices. Since this detection, the list of infected devices has been constantly increasing.” reads the blog post published by Dr-Web. “At the moment, the list contains over 40 models. Doctor Web specialists have monitored the Trojan’s activity and now we can publish the results of this investigation.”

The Triada Trojan was spotted for the first time in 2016 by researchers at Kaspersky Lab that considered it the most advanced mobile threat seen to the date of the discovery.

Triada was designed with the specific intent to implement financial frauds, typically hijacking the financial SMS transactions. The most interesting characteristic of the Triada Trojan apart is its modular architecture, which gives it theoretically a wide range of abilities.
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HarborFront

Level 46
Verified
Content Creator
Regardless of cheap or expensive handphone it is never advisable to carry out financial transaction with it even though the convenience is there. The simple reason is that the protection and security will never beat that of your PC/laptop.