Hackers Targeting Mobile Banking App Users

Mobile Banking ApplicationThe 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.