Multiple Android devices have been infected by a new trojan dubbed “ToxicPanda”. It primarily targets bank accounts but spoofs common apps to infect devices. Smartphones are now one of the most widely used devices to perform banking functions.

The malware’s propagation seems to rely on social engineering tactics, leading users to side-load the app onto their devices. Once installed, ToxicPanda exploits Android’s accessibility services, gaining elevated permissions that allow it to capture sensitive data and perform unauthorized actions.

There's a dangerous new threat to everyone's bank accounts spreading around the world, and it shows no signs of stopping. This malware is a trojan called ToxicPanda, and it targets bank accounts through Android devices with an advanced attack strategy.

A new malware is currently spreading globally, putting Android users and their bank accounts at risk. Dubbed ToxicPanda, this sophisticated trojan malware reportedly spreads across countries by disguising itself as popular apps like Google Chrome and banking apps.

An updated Android trojan called FakeCall hijacks bank calls. Tech expert Kurt “CyberGuy" Knutsson says Android phone manufacturers and Google need to step up their game on security.