Danger: This Android malware can unlock your phone and drain your bank account

Green skull on smartphone screen.

Hackers have created a new Android malware which can remotely wake up your smartphone, unlock the screen and then steal data as well as funds from your bank accounts in real-time.

As reported by BleepingComputer, this new Android banking malware has been dubbed MMRat by security researchers at Trend Micro who first discovered it back in June. To make matters worse, as of now, it remains undetected on VirusTotal and other antivirus scanning services.