The article ran today from Shaun Waterman of The Washington Times re: smartphone security: http://times247.com/times-news/tech-firm-makes-smart-phones-safer
Fraud follows the money
Researchers in Europe have identified malware that surreptitiously forces smartphones to make calls or send text messages to premium rate lines, racking up income for the crooks who own the numbers and huge bills for the consumer, according to Sorin Mustaca, product manager at German computer-security firm Avira.
“The problem is big and getting bigger every day,” Mr. Mustaca said.
According to Bank News.com, 50 million Americans now are using smartphones for mobile banking. The business research firm Gartner Inc. says the total value of mobile banking transactions globally will be more than $171.5 billion this year.
“Where there is money, there is fraud,” Mr. Mustaca said.
© Copyright 2012 Sorin Mustaca, All rights Reserved. Written For: Sorin Mustaca on Cybersecurity
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