GoldFactory Hits Southeast Asia with Modified Banking Apps Driving 11,000+ Infections
Dec 04, 2025
Cybercrime / Mobile Security
Cybercriminals associated with a financially motivated group known as GoldFactory have been observed staging a fresh round of attacks targeting mobile users in Indonesia, Thailand, and Vietnam by impersonating government services. The activity , observed since October 2024, involves distributing modified banking applications that act as a conduit for Android malware, Group-IB said in a technical report published Wednesday. Assessed to be active as far back as June 2023, GoldFactory first gained attention early last year, when the Singapore-headquartered cybersecurity company detailed the threat actor's use of custom malware families like GoldPickaxe, GoldDigger, and GoldDiggerPlus targeting both Android and iOS devices. Evidence points to GoldFactory being a well-organized Chinese-speaking cybercrime group with close connections to Gigabud , another Android malware that was spotted in mid-2023. Despite major disparities in their codebases, both GoldDigger and Gigabud have bee...