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A new Android malware named "ToxicPanda" was first identified in late October 2024 and has been reclassified as a unique entity after initial classification under the TgToxic family. It poses a risk through account takeover via on-device fraud and primarily targets retail banking applications on Android devices. The malware has spread significantly in Italy, Portugal, Spain, and various Latin American regions, with over 1,500 devices reported as victims. ToxicPanda allows cybercriminals to gain remote access to infected devices, intercept one-time passwords, and bypass two-factor authentication. The threat actors are likely Chinese speakers, which is unusual for targeting European banking. The malware spreads through social engineering tactics, encouraging users to side-load the malicious app, and exploits Android’s accessibility services for elevated permissions. Cleafy’s analysis indicates that ToxicPanda's command-and-control infrastructure shows evolving operational strategies, and the malware may undergo further modifications. The challenges for security professionals are increasing as malware operators refine their tactics and expand their targets. Cleafy noted that contemporary antivirus solutions have struggled to detect ToxicPanda due to a lack of proactive, real-time detection systems.