The cybersecurity firm Cleafy Threat Intelligence Team has revealed alarming findings about the Android spyware known as SpyNote, which has been increasingly targeting European financial institutions.
According to Cleafy’s report, over the past few months, an aggressive campaign utilizing SpyNote has been observed, posing significant threats to the security of bank customers. This malware exploits various techniques, including social engineering attacks and Accessibility services, to carry out bank fraud with ease.
The modus operandi of this spyware starts with a deceptive smishing campaign, where potential victims receive fake SMS messages urging them to install a “new certified banking app.” Subsequently, users are redirected to what appears to be a legitimate TeamViewer app but this is, in reality, the initial step to grant remote access to the victim’s device.

However, this is not the first time that SpyNote has been highlighted in a spyware campaign. Active since 2016, the spyware has been behind countless campaigns targeting various institutions. In 2017, SpyNote RAT was found on fake Android apps masquerading as Netflix, WhatsApp and Facebook.
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