Security researchers have identified a new Android banking trojan called Mirax, which is targeting users across Europe. This malware utilizes a method known as Malware-as-a-Service (MaaS) to infect devices, allowing cybercriminals to gain remote access and turn affected smartphones into residential proxy nodes. By doing this, attackers can route their malicious activities through the compromised devices, making it harder to trace their actions back to them. This poses a significant risk to users, as their personal data and banking information could be at risk. The emergence of Mirax highlights ongoing vulnerabilities in mobile security and the need for users to remain vigilant against such threats.