Google Issues Statement To Iterate Protection Against Malware That Can Steal Financial Details, Wipe Data On Android [Video]

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Security group Cleafy discovered an Android remote access trojan (RAT) BingoMod that can initiate money transfers via On Device Fraud (ODF) and take over bank accounts. It aims to bypass the verification measures deployed by banks to identify fraudulent activity in an account via several permissions, such as access to Accessibility Services, SMS, and bank account balances.