New Android Banking Malware ‘ToxicPanda’ Pilfers Funds Through Deceptive Transfers
Nov 05, 2024
Mobile Security / Cyber Attack
A newly discovered Android banking malware, dubbed ToxicPanda, has already compromised over 1,500 devices, enabling cybercriminals to execute fraudulent transactions. According to Cleafy researchers Michele Roviello, Alessandro Strino, and Federico Valentini, “ToxicPanda’s primary aim is to facilitate money transfers from infected devices through account takeover (ATO) techniques, leveraging a method known as on-device fraud (ODF).” The malware is designed to circumvent banking security measures that verify user identity and authenticate transactions, along with behavioral detection strategies used by banks to flag suspicious money transfers. It is believed that ToxicPanda is linked to a Chinese-speaking threat actor and bears notable similarities to another Android malware called TgToxic, which can steal user credentials and deplete crypto wallets. TgToxic was first reported by Trend Micro in early 2023.
Mobile Security / Cyber Attack
New Android Banking Malware ‘ToxicPanda’ Exploits Devices for Fraudulent Transactions November 5, 2024 Mobile Security / Cyber Attack A newly discovered strain of Android banking malware, named ToxicPanda, has reportedly compromised over 1,500 Android devices, enabling cybercriminals to execute unauthorized banking transactions. According to researchers Michele Roviello, Alessandro Strino, and…
New Android Banking Malware ‘ToxicPanda’ Pilfers Funds Through Deceptive Transfers
Nov 05, 2024
Mobile Security / Cyber Attack
A newly discovered Android banking malware, dubbed ToxicPanda, has already compromised over 1,500 devices, enabling cybercriminals to execute fraudulent transactions. According to Cleafy researchers Michele Roviello, Alessandro Strino, and Federico Valentini, “ToxicPanda’s primary aim is to facilitate money transfers from infected devices through account takeover (ATO) techniques, leveraging a method known as on-device fraud (ODF).” The malware is designed to circumvent banking security measures that verify user identity and authenticate transactions, along with behavioral detection strategies used by banks to flag suspicious money transfers. It is believed that ToxicPanda is linked to a Chinese-speaking threat actor and bears notable similarities to another Android malware called TgToxic, which can steal user credentials and deplete crypto wallets. TgToxic was first reported by Trend Micro in early 2023.