Chinese Hackers Steal $300K Per Month With Android Malware
The folks over at security researcher Check Point say they were able to infiltrate a China-based cybercrime ring, and their findings might surprise you.
Check Point researchers gained access to Yingmob, a China-based group of cyber criminals that use malware known as HummingBad to target Android-based devices. Over a five-month period, the researchers discovered that Yingmob compromised 10 million Android devices and generated a whopping $300,000 per month in "fraudulent ad revenue" from those products.
"Yingmob runs alongside a legitimate Chinese advertising analytics company, sharing its resources and technology," the researchers claim. "The group is highly organized with 25 employees that staff four separate groups responsible for developing HummingBad's malicious components.
