Chinese exploit cyber-arms dealer to spread malware

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Chinese exploit cyber-arms dealer to spread malwareHackingTeam is an Italian IT company that sells offensive intrusion and surveillance capabilities to governments, corporations and law enforcement agencies – but their technology is also being used by less scrupulous users. It now appears that Chinese cybercriminals are exploiting a breach suffered by HackingTeam in 2015 to infect thousands of mainly Asian companies with ransomware.

Intezer, an Israeli security company, has been monitoring the activities of the Chinese hacking group; linking it with trojans, crypto-mining and ransomware activities. The hackers have also developed malware that can bypass anti-virus software.

There has been much speculation on the extent to which the Chinese state is implicated in the activities of criminal hacking groups, particularly in targeting commercial enterprises in the US.

Read more at www.cyberscoop.com

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