MOSCOW, Russia. One million Android phones hacked, $900K snatched: Hacker ring busted before going global #AceNewsDesk – @AceNewsServices

#AceNewsReport – May.23: Russian cyber criminals used malware planted on Android mobile devices to steal from domestic bank customers and were planning to target European lenders before their arrest, investigators and sources with knowledge of the case told Reuters #AceNewsDesk reports

Hackers Hit Russian Bank Customers, Planned International Cyber Raids Published on May 22, 2017 at 04:40AM From the report: Their campaign raised a relatively small sum by cyber-crime standards — more than 50 million roubles ($892,000) — but they had also obtained more sophisticated malicious software for a modest monthly fee to go after the clients of banks in France and possibly a range of other western nations.

Russia’s relationship to cyber crime is under intense scrutiny after U.S. intelligence officials alleged that Russian hackers had tried to help Republican Donald Trump win the U.S. presidency by hacking Democratic Party servers. The Kremlin has repeatedly denied the allegation.

The gang members tricked the Russian banks’ customers into downloading malware via fake mobile banking applications, as well as via pornography and e-commerce programs, according to a report compiled by cyber security firm Group-IB which investigated the attack with the Russian Interior Ministry.

Editor says ‘ Don’t put your bank details on your mobile devices …you have been warned .. Ian

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