Platform agnostic attack, Simjacker allows hackers to remotely exploit the victims' phone by sending a SMS which contains a malicious code; the code gives instructions to the universal integrated circuit card (UICC)/ SIM card placed inside the targeted device to retrieve and carry out sensitive commands.
The attack is set into motion as soon as the 'attack SMS' sent via another remote handset, is received by the targeted device. The process involves a series of SIM Toolkit (STK) directions particularly configured to be sent on to the SIM Card inside the victim's device.
On September 12, 2019, it became known that the Central Bank has a new punishment for banks for poor cyber defense. The Central Bank launched a new feature for credit institutions, it will be the risk profile on the level of information security.
The risk profile will be formed on the basis of four characteristics, including the share of unauthorised card transactions and the bank's readiness to repel an attack.
Twitter decided to temporarily disable a feature, called 'Tweeting via SMS,' after it was abused by a hacking group to compromise Twitter CEO Jack Dorsey and sent a series of racist and offensive tweets to Dorsey's followers.
Dorsey's Twitter account was compromised last week when a hacker group calling itself "Chuckling Squad" replicated a mobile phone number associated with the CEO account and abused this particular feature to post racist, offensive messages and bomb threats from it via SMS.
The FBI is investigating after computer hackers managed to steal about $4.2 million in funds from a pension system for retired Oklahoma Highway Patrol troopers and other state law enforcement officers, state officials said Friday.
A notice posted on the Oklahoma Law Enforcement Retirement System website said the agency notified the FBI and couldn't comment further on details of the breach.