This dangerous Android malware remotely takes over your phone, empties your bank account
ToxicPanda, a new dangerous Android banking malware, has infected over 1,500 Android devices and is spreading globally, putting bank accounts of users at high risk. ToxicPanda, a Chinese hacker is targeting Android devices in Europe and Latin America with a banking trojan able to steal money from victim’s accounts.
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According to a report in TechRadar, this trojan, ToxicPanda, is similar to a piece of older, known malware called TgToxic, which was first spotted in 2023. However, upon subsequent analysis, it was found that the new malware’s code differs significantly.
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What is ToxicPanda- new banking trojan?
The banking trojan commonly spreads through sideloading and often impersonates popular apps like Google Chrome. ToxicPanda was discovered last month by Cleafly Intelligence and it's campaign was initially associated with TgToxic that targeted users in Southeast Asia.
According to cybersecurity firm, the main objective of ToxicPanda is to initiate money transfers from affected Android devices and mobiles using techniques like 'account takeover' and 'On-Device fraud'. ToxicPanda is highly specialised, designed to bypass even standard banking security measures and enable unauthorised withdrawals directly from users' accounts, as per researchers.
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