(FT) World’s most advanced hacking spyware let loose

A cyber snooping operation reminiscent of the Stuxnet worm and billed as the world’s most sophisticated computer malware is targeting Russian and Saudi Arabian telecoms companies.

Cyber security company Symantec said the malware, called “Regin”, is probably run by a western intelligence agency and in some respects is more advanced in engineering terms than Stuxnet, which was developed by US and Israel government hackers in 2010 to target the Iranian nuclear programme.

The discovery of the latest hacking software comes as the head of Kaspersky Labs, the Russian company that helped uncover Stuxnet, told the Financial Times that criminals are now also hacking industrial control systems for financial gain.

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