Researchers at cybersecurity firm WatchGuard Technologies have made a thorough analysis of Exobot, a nasty Android malware, and their findings prove just how advanced the threat of banking trojans has become. In the case of Exobot, however, the malware’s main functionality is to steal sensitive information from banking apps and financial services. READ MORE: Exobot: malware-as-a-service business The general perception is that banking trojans and other malware are run by hackers with sophisticated programming and technical skills. READ MORE: How to protect yourself against Exobot and other banking trojans Authors of malware like Exobot usually catch their targets by distributing their malware outside official app stores or infecting them through phishing scams. The main way to protect yourself against mobile banking trojans is to only download apps from official market places such as Google Play and Apple App Store. Also worth noting is that Exobot and similar malware need administrative access to perform functions such as disabling antivirus apps and manipulating the user interfaces of targeted apps.