For the tech enthusiast and all tech savy people, a new bug is on loose that allows remote accessing and replication of the mobile SIM card. The bug is discovered by a German firm that allows hackers to remotely gain control of their victims. In this ordeal Hackers could use compromised SIMs to commit financial crimes or engage in electronic espionage, according to Berlin’s Security Research Labs, which will describe the vulnerabilities at the Black Hat hacking conference that opens in Las Vegas on July 31.
The UN’s Geneva-based International Telecommunications Union, which has reviewed the research, described it as ‘hugely significant.’ “These findings show us where we could be heading in terms of cybersecurity risks,” ITU Secretary General Hamadoun Touré told Reuters
He said the agency would notify telecommunications regulators and other government agencies in nearly 200 countries about the potential threat and also reach out to hundreds of mobile companies, academics and other industry experts. A spokeswoman for the GSMA, which represents nearly 800 mobile operators worldwide, said it also reviewed the research. “We have been able to consider the implications and provide guidance to those network operators and SIM vendors that may be impacted,” said GSMA spokeswoman Claire Cranton.
Source: http://www.rayznews.com/hackers-threat-cyber-security/
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