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Coyote, Maverick Banking Trojans Run Rampant in Brazil

0
Medium
Malware
Published: Thu Nov 13 2025 (11/13/2025, 14:00:00 UTC)
Source: Dark Reading

Description

The Coyote and Maverick banking trojans are actively targeting users primarily in Brazil, South America's largest country, known for frequent banking malware attacks. Maverick is designed to self-terminate if it detects the infected user is outside Brazil, limiting its geographic scope. These trojans aim to steal banking credentials and financial information, posing a medium-level threat. Although no CVSS score is assigned, the threat impacts confidentiality and integrity of financial data with moderate ease of exploitation and limited scope. European organizations with business or user connections to Brazil could face indirect risks, especially financial institutions with cross-border operations. Mitigation requires enhanced monitoring for banking malware, user education on phishing, and network segmentation for Brazil-facing systems. Countries with strong economic ties to Brazil and significant banking sectors, such as Germany, the UK, and the Netherlands, are more likely to be affected. Overall, the threat is medium severity due to targeted scope and moderate impact on financial data security.

AI-Powered Analysis

AILast updated: 11/13/2025, 14:04:20 UTC

Technical Analysis

The Coyote and Maverick banking trojans represent a persistent malware threat primarily targeting Brazilian users. Brazil's large population and high volume of online banking transactions make it a lucrative target for banking malware. Coyote and Maverick trojans are designed to steal banking credentials by intercepting user input, injecting malicious code into banking sessions, or redirecting users to phishing sites. Maverick has a self-termination feature that activates if the infected system is detected to be outside Brazil, indicating a deliberate geographic targeting to avoid detection or legal consequences elsewhere. These trojans typically spread via phishing emails, malicious attachments, or compromised websites. Once installed, they operate stealthily to exfiltrate sensitive financial data, potentially leading to unauthorized transactions and financial loss. Although no known exploits are reported in the wild beyond these trojans, their presence in Brazil's cybercrime landscape is significant. The medium severity rating reflects the targeted nature and moderate impact on confidentiality and integrity of banking data. The lack of affected software versions or patches suggests these are malware campaigns rather than software vulnerabilities. European organizations with operations or clients in Brazil may face indirect risks through compromised partners or users. The threat underscores the need for vigilance in monitoring banking malware and securing financial transaction environments.

Potential Impact

For European organizations, the direct impact of Coyote and Maverick trojans is limited due to Maverick's self-termination outside Brazil. However, indirect impacts include potential compromise of Brazilian partners, subsidiaries, or clients, which could lead to financial fraud, reputational damage, and regulatory scrutiny under data protection laws such as GDPR. Financial institutions with cross-border transactions involving Brazil are at higher risk of fraudulent transactions or data breaches. The theft of banking credentials can lead to unauthorized access to accounts, financial loss, and disruption of services. Additionally, the presence of such malware campaigns highlights the broader risk of supply chain and third-party compromises. Organizations relying on Brazilian financial services or with employees traveling to Brazil should be aware of the threat. The medium severity reflects moderate confidentiality and integrity risks but limited availability impact and geographic scope.

Mitigation Recommendations

1. Implement advanced endpoint detection and response (EDR) solutions capable of identifying banking trojan behaviors, such as credential theft and session hijacking. 2. Conduct targeted user awareness training focusing on phishing and social engineering tactics prevalent in Brazil. 3. Enforce multi-factor authentication (MFA) for all banking and financial applications, especially for users accessing Brazilian financial services. 4. Segment networks to isolate systems that interact with Brazilian financial institutions or users to limit lateral movement. 5. Monitor network traffic for unusual patterns indicative of data exfiltration or command-and-control communications related to banking malware. 6. Collaborate with Brazilian partners to share threat intelligence and coordinate incident response efforts. 7. Regularly update and patch all systems, even though no specific patches exist for these trojans, to reduce overall attack surface. 8. Employ application allowlisting to prevent unauthorized execution of malware. 9. Use threat intelligence feeds to stay informed about evolving banking malware tactics in Brazil. 10. Review and strengthen incident response plans to address banking malware infections.

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Threat ID: 6915e559b9a712c4986ecd2b

Added to database: 11/13/2025, 2:04:09 PM

Last enriched: 11/13/2025, 2:04:20 PM

Last updated: 11/14/2025, 4:08:41 AM

Views: 12

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