Wednesday, August 21, 2013

Hackers Target Phones

As fast as banks are trying to outwit online hackers, the hackers are revising their strategies to evade the new security measures.
Banks have started to send one-time codes via SMS text messages to customers to use in addition to passwords for logging in to their accounts. So hackers have devised insidious software to steal the texted codes in real time.
Researchers at software security maker McAfee even found a pair of new malware programs that afflict users of Google’s Android phones by replacing official bank apps with hacked replacements.
Victims think they’re logging in to their accounts legitimately, but the apps send all the info - including the SMS codes - back to the criminals.

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