Russia arrests three for allegedly creating Mamont malware, tied to over 300 cybercrimes

Summary: Russian authorities have arrested three individuals linked to the development of Mamont malware, a banking trojan targeting Android devices. The malware allows criminals to transfer funds and collect sensitive information from infected devices while spreading through deceptive channels like Telegram. Authorities continue to crack down on cybercrime amid growing concerns about SMS-based fraud.

Affected: Banking systems, Android devices, Russian online consumers

Keypoints :

• Three suspects were arrested in connection with Mamont malware, linked to over 300 cybercrime incidents.
• Mamont is delivered via Telegram and disguised as legitimate apps, allowing fund transfers from victims’ bank accounts.
• The Russian parliament is working on legislation to combat SMS-based fraud, enhancing regulations around SMS sending during calls.