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Hacker robs Russian banks with over 1m hacked phones

Staff Writer | May 22, 2017
Russian officials announced a successful series of raids against a hacking gang who plotted to rob banks around the world.
Russian Interior Ministry
Security   The Cron gang
The gang, named after their malware Cron, infected more than a million Android phones in Russia and stole more than 50 million rubles ($892,000) from bank customers, according to the Russian Interior Ministry.

Cron, the Android-based malware, took over a person's phone, allowing thieves to send text messages to the victims' bank and ask for it to transfer an average $140 per victim, according to Russian cybersecurity firm Group-IB.

The virus would then hide any incoming notification from the banks on the infected phones.