Well-known spyware manufacturer FinFisher has declared bankruptcy

Company FinFisher Munich-based FinSpy, which is known for selling controversial spyware, went bankrupt last month.

The controversial firm is accused of selling surveillance software to repressive regimes that was used to spy on dissidents, activists and journalists. FinSpy, the company’s most profitable spyware, has been monitored by the German government and human rights organizations for years. Germany has launched an investigation into FinFischer in 2019 on suspicion of illegally exporting software without the necessary approval.

In July 2019, Reporters Without Borders, Netzpolitik, the Civil Rights Society and the European Center for Constitutional and Human Rights filed criminal charges against the director of FinFisher, claiming that the software was installed on devices of activists, political dissidents and ordinary citizens in repressive countries. regimes, although companies are prohibited from selling their software in these countries. FinFisher is accused of failing to comply with European export regulations, including a request from the Federal Office for Economic and Export Control (BAFA) to obtain a license to trade with non-EU countries.

FinSpy is a highly invasive software, which offers users full access to the device of the selected target, including chats and phone calls, as well as access to the camera and microphone of the device. FinSpy was created in 2016 and is linked to the governments of Egypt, Bahrain, Bangladesh, Ethiopia, Oman, Saudi Arabia and Venezuela.

In October 2020, German police conducted a search of FinFischer’s offices and the apartments of the director of the company. FinFisher’s accounts were confiscated and operations stopped

Although the investigation is ongoing, the bankruptcy of FinFischer prevented the prosecution from confiscating the illegally acquired property that belongs to the company because it technically does not exist, a spokesman for the Munich Public Prosecutor’s Office said.

Source: Informacija.rs by www.informacija.rs.

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