FjordPhantom Android malware uses virtualization to evade detection

A new Android malware called FjordPhantom is evading detection by using virtualization to run malicious code within legitimate banking app containers. FjordPhantom is currently spreading through emails, SMS and messaging apps, and targets banking apps mainly in Indonesia, Thailand, Vietnam, Singapore and Malaysia. The malware aims to steal banking credentials and manipulate transactions. One case saw a victim lose $280,000 to the scam.