VENON: First RAT in Rust Emerges in Brazil

Summary: Security researchers have uncovered VENON, a new banking Trojan targeting Brazilian users and written in Rust.

Cybersecurity researchers have revealed details about a new banking Trojan directed at Brazilian users, which is written in Rust. This represents a significant departure from other families of malware based on Delphi and associated with the Latin American cybercrime ecosystem. VENON was discovered last month by the Brazilian cybersecurity company ZenoX and has been named accordingly.

Key facts

  • Written in Rust, VENON is the first RAT discovered in Brazil.
  • VENON shares characteristics with known Latin American banking trojans such as Grandoreiro, Mekotio, and Coyote.
  • The malware uses advanced evasion techniques and targets 33 financial institutions and digital asset platforms.

Why it matters

VENON’s use of Rust indicates a shift in the development strategies of cybercriminals, potentially making it more sophisticated and harder to detect. This could have significant implications for global cybersecurity measures.