The FBI is tracking a new method of attack becoming increasingly favored by hackers, malicious mobile banking apps.
FBI Agent Mark Webster says that smartphones, by default, are not as safe as computers and criminals know it. I can’t say that I completely agree with this statement, but the mobility and ease of access while using a smartphone absolutely increase risk.
Known attack vectors include fraudulent emails that claim you must update your banking app and give a link to follow. Other security considerations that the FBI recommend include avoiding Public Wi-Fi for banking related activities, turning off Bluetooth and NFC (ie… Apple Pay and Android Pay), radios that broadcast your devices information, and downloading more security applications and software for your mobile device.
While still a scary proposition, this is one scam that’s easily avoided by using common sense.
EpicDroid is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. As an Amazon Associate I earn from qualifying purchases.
Carl is an Android enthusiast that got his start with an HTC Hero. Quickly tiring of not being able to change certain things about the device, he sought out the means to do what he wanted; Enter XDA Developers. After spending immense amounts of time on the forums learning, building and sharing, Carl decided to pursue higher education to increase his understanding and focus on a direction in the mobile world. Primarily focusing on security and privacy, Carl intends to gain his CEH and Reverse Engineer malware.