[Mispadu](https://attack.mitre.org/software/S1122) is a banking trojan written in Delphi that was first observed in 2019 and uses a Malware-as-a-Service (MaaS) business model.(Citation: ESET Security Mispadu Facebook Ads 2019)(Citation: SCILabs Malteiro 2021) This malware is operated, managed, and sold by the [Malteiro](https://attack.mitre.org/groups/G1026) cybercriminal group.(Citation: SCILabs Malteiro 2021) [Mispadu](https://attack.mitre.org/software/S1122) has mainly been used to target victims in Brazil and Mexico, and has also had confirmed operations throughout Latin America and Europe.(Citation: SCILabs Malteiro 2021)(Citation: SCILabs URSA/Mispadu Evolution 2023)(Citation: Segurança Informática URSA Sophisticated Loader 2020)