Tuesday 26 November 2013

Mobile: The Emerging Fraud Target

From BankInfo Security

“Attackers Will Shift Their Focus, Expert Says. The same vulnerabilities that have made the online banking channel an easy target for fraudsters also will soon plague mobile banking, says Julie Conroy of the consultancy Aite.

Fraudsters are using cross-channel methods to compromise accounts, says Conroy in an interview with Information Security Media Group. And weak usernames and passwords have allowed attackers to easily perpetrate cross-channel and cross-vector schemes, because consumers too often use the same credentials across multiple sites and online relationships.”

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