New Android malware wipes your device after draining bank accounts

[rbc]

A new Android malware that researchers call 'BingoMod' can wipe devices after successfully stealing money from the victims' bank accounts using the on-device fraud technique.

Promoted through text messages, the malware poses as a legitimate mobile security tool and can steal up to 15,000 EUR per transaction.

According to researchers analyzing it, BingoMod is currently under active development, with its author focusing on adding code obfuscation and various evasion mechanisms to drop detection rate.
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New Android malware wipes your device after draining bank accounts