New malware targets iPhone users, raising concerns over bank security

A new type of malware called "SparkCat" can be downloaded on iPhones and iPads, allowing hackers to access sensitive information on users' screens. This includes passwords and cryptocurrency recovery phrases, raising concerns about bank account security. The malware requests permission to access photos, then scans for valuable data. Experts note that many iOS users mistakenly believe their devices are safe from cyber threats, despite this malware being active since March 2024. In related news, scammers are using phone cloning techniques to impersonate bank fraud teams, tricking customers into revealing personal information. Victims have lost significant amounts of money, highlighting the need for increased awareness and caution.