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Govt Flags Risks of Social Media Payments After WhatsApp Hack; About The NSO Group, Which Allegedly Hacked WhatsApp

Professor of Financial Economics and Part-time Value Investor, Transfin.
Nov 4, 2019 11:18 AM 2 min read

WhatsApp Pay plans in jeopardy after reports of hack. This isn't the first time the NSO Group, which allegedly hacked WhatsApp, has been in the news.



WhatsApp's hack might delay its roll out plans for WhatsApp Pay.

WhatsApp Delay: The recently-reported WhatsApp hack by Israeli surveillance firm NSO Group has reportedly raised alarm bells amongst Indian government officials, putting in jeopardy the social media company's plans to roll out a payments app.


WhatsApp recently filed a lawsuit against NSO and its software Pegasus, which apparently send malware messages to different numbers around the world, including Indian targets, to hack into their phones. (NSO denies the allegations.)


While WhatsApp maintains that its platform is secure thanks to end-to-end encryption, the government is unconvinced. It has reached out to the RBI and National Payments Corporation of India regarding WhatsApp's upcoming payments platform - WhatsApp Pay - to discuss security measures that have to be implemented to ensure that financial data is not breached. This could further delay the complete roll out of WhatsApp Pay, which has gone beta testing in India and is yet to pass compliance tests with the country's financial authorities. ET Tech


This is not the first time that the NSO Group, which allegedly hacked WhatsApp, has been in the news.

By the Way: This isn't the first time the NSO Group - or even Pegasus, the syware that allegedly hacked WhatsApp - has been in the headlines.


In 2016, NSO apparently used Pegasus to remotely break into human rights activist Ahmed Mansoor's iPhone 6. After this hack, the company sold $15mn worth of hardware and software to the Mexican government, which wanted to use the tool against drug cartels. Jeff Bezos might have also been a victim of this malware when intimate messages between him and his mistress were leaked on the internet. And Pegasus could have also been used to spy on Jamal Kashoggi - the Saudi journalist - before he was brutally murdered. Business Insider



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