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First ever iOS trojan discovered — and it’s stealing Face ID data to break into bank accounts
(www.tomsguide.com)
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Ok, so not great, but not terrible.
Firstly you had to fall for social engineering to get the dodgy app via TestFlight. Later on, you had to fall for social engineering to get the dodgy app via you installing an MDM profile on your own device. In the future, you'll doubtless be able to get socially engineered to sideload it.
Currently, in the UK (I don't know what this is like in other countries), we get regular prompts from our banks not to share one-time codes with anyone, not even bank employees. And not to transfer money to 'safe' accounts, even if someone claiming to be the bank or the police tell you to. They'll just need to update those to also say "We at Bank will never ask you to install test or special versions of our app, or update them anywhere other than the official Apple/Google app store".
This is a social engineering problem, not really an iOS (or Android) technical one.
EDIT: The article is suspiciously vague one one point:
What 'facial recognition data' is it gathering, and how? As I understand it, FaceID is processed in a secure enclave, and regular apps don't have access to that - they send a 'verify this person' request, the phone itself triggers a FaceID scan, does the verification itself and sends back a 'yes, all good' reply to the app - the app itself does not get FaceID or biometric data. So unless it's just doing something like using the camera to take some photos or videos of the user, I'd like to know what the article is talking about there...
Lazy journalism. The two variants showcases exactly how iOS is more secure and how much harder it is to get on the device as well as attempt to extract info.
Few quick points to answer questions outlined here:
If anyone wants to do the full reading, it is available from Group-ib directly.
And yes, this further cements my thoughts about EU making a terrible move forcing Apple to enable side loading as it adds additional vectors for bad actors to get into a currently much more secure and harder to invade device.
If (when) this allows iOS Trojans through side loading you better believe that Apple will throw it all back at the EUs doorstep. I’m gonna howl how idiots thought it would make things “better”.
Of course many of those people that “want side loading” don’t give two craps about users. They just wanna see Apple knocked down a peg because of their sad little lives.
Wanna make things better in a way that gets my approval, kill all subscription models and just pay for genuine software updates that need to be justified through the new features they add.