Samsung's Exynos chipsets are used in smartphones, mobile devices, wearables and automobiles. Photo: Wikipedia
Samsung's Exynos chipsets are used in smartphones, mobile devices, wearables and automobiles. Photo: Wikipedia
Samsung's Exynos chipsets are used in smartphones, mobile devices, wearables and automobiles. Photo: Wikipedia
Samsung's Exynos chipsets are used in smartphones, mobile devices, wearables and automobiles. Photo: Wikipedia

Google says Samsung, Pixel and Vivo phones at risk due to vulnerable Exynos chips


Alkesh Sharma
  • English
  • Arabic

Google’s Project Zero security research team has discovered 18 security concerns related to Samsung’s Exynos chipsets that are used in smartphones, mobile devices, wearables and cars.

Four of the 18 reported vulnerabilities are critical and could let cyber criminals hack smartphones remotely, with only the help of the user's phone number.

Tim Willis, head of Project Zero, said tests conducted by the company confirmed that those four vulnerabilities allow a hacker to “remotely compromise a phone at the baseband level with no user interaction”.

“With limited additional research and development, we believe that skilled attackers would be able to quickly create an operational exploit to compromise affected devices silently and remotely,” Mr Willis said.

However, the report revealed, the 14 other vulnerabilities are not as severe, as they require either a malicious mobile network operator or an attacker with local access to the device.

Affected mobile devices include South Korean company Samsung’s S22, M33, M13, M12, A71, A53, A33, A21s, A13, A12 and A04 series phones.

Other devices include Chinese brand Vivo's, S16, S15, S6, X70, X60 and X30 series phones; Google’s Pixel 6 and Pixel 7 series phones; and any vehicles that use the Exynos Auto T5123 chipset.

Under its standard disclosure policy, Project Zero discloses security vulnerabilities to the public a set time after reporting them to a software or hardware vendor.

What will be the patch timeline?

It’s still not clear.

Project Zero researchers expect that patch timelines will vary per manufacturer. For example, affected Pixel devices have already received a security update this month. Although Google has already patched the issues for Pixel 7 series phones, the update has not reached the Pixel 6 series phones yet.

In the meantime, Google recommends that users with affected devices can protect themselves from the vulnerabilities by turning off Wi-Fi calling and Voice-over-LTE (VoLTE) in their device settings. VoLTE is how phones and carriers transmit our voices during a call.

“We encourage end users to update their devices as soon as possible, to ensure that they are running the latest builds that fix both disclosed and undisclosed security vulnerabilities,” Mr Willis said.

Samsung, which was the largest smartphone manufacturer last year, and other vendors have yet to resolve the issues affecting the Exynos chips.

The Samsung Galaxy S22 smartphone is one of the affected devices. AFP
The Samsung Galaxy S22 smartphone is one of the affected devices. AFP

In September last year, Samsung said it suffered a cyber security breach in July that exposed the personal information of some customers in the US.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Updated: March 19, 2023, 1:21 PM