Cybersecurity researchers have uncovered a new Android remote access trojan (RAT) called BingoMod that not only performs fraudulent money transfers from the compromised devices but also wipes them in an attempt to erase traces of the malware.
Italian cybersecurity firm Cleafy, which discovered the RAT towards the end of May 2024, said the malware is under active development. It attributed the Android trojan to a likely Romanian-speaking threat actor owing to the presence of Romanian language comments in the source code associated with early versions.
"BingoMod belongs to the modern RAT generation of mobile malware, as its remote access capabilities allow threat actors (TAs) to conduct Account Takeover (ATO) directly from the infected device, thus exploiting the on-device fraud (ODF) technique," researchers Alessandro Strino and Simone Mattia said.
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