Toxic Panda is a state-sponsored cyber threat group, assessed with high confidence to be sponsored by China. The group conducts persistent cyber-espionage operations, primarily targeting sensitive information. They are characterized by a strategic approach, utilizing zero-day vulnerabilities and social engineering to infiltrate targeted systems undetected. Their operations frequently involve the deployment of bespoke malware and tools tailored for specific targets. Toxic Panda is distinct from the Android banking trojan that shares the same name and emerged in late 2024, focusing instead on advanced espionage activities rather than financial fraud on mobile devices. There is no confirmed information suggesting Toxic Panda operates under multiple names or is commonly confused with other unrelated threat actors, though it has been mentioned in relation to groups like APT10 and APT41 due to similar origins and operational objectives.