A newly identified malware dubbed Crocodilus poses a significant threat to Android users as it steals vital wallet seed phrases, according to cybersecurity researchers from ThreatFabric. This sophisticated malware infiltrates devices by leveraging proprietary drivers and expertly avoids Play Protect security checks during installation. Users are then prompted with screen overlays that subtly advise them to back up their seed phrases within 12 hours – a tactic designed to instill fear of losing access if action is not taken. With this critical information, attackers can gain complete control of the victim’s wallet, ultimately leading to a potential drain on funds.