New Android banking malware remotely takes control of your device

A new Android banking malware named Octo has appeared in the wild, featuring remote access capabilities that allow malicious operators to perform on-device fraud.

Octo is an evolved Android malware based on ExoCompact, a malware variant based on the Exo trojan that quit the cybercrime space and had its source code leaked in 2018.

The new variant has been discovered by researchers at ThreatFabric, who observed several users looking to purchase it on darknet forums.

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Source: Bleeping Computer