Security researchers from SfyLabs have detected an Android banking trojan dubbed LokiBot that transforms itself into a complete ransomware once the targeted user attempts to uninstall it from the infected device.
LokiBot malware has been in the news since June and its makers have been pushing out new features almost every week.
Once the malware infects an Android device, it begins displaying overlay screens on top of banking and other common applications in an attempt to fool users into handing over their data. The malware targets about 100 banking apps and popular applications such as WhatsApp, Skype and Outlook.
To read the original article: