Quoted in Washington Time: smartphone security

TOPICS:Bank News com security smartphone

Posted By: Sorin Mustaca July 31, 2012

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.

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Sorin Mustaca

Sorin Mustaca, (ISC)2 CSSLP, CompTIA Security+ and Project+, is working since over 20 years in the IT Security industry and worked between 2003-2014 for Avira as Product Manager for the known products used by over 100 million users world-wide. Today he is CEO and owner of Endpoint Cybersecurity GmbH focusing on Cybersecurity, secure software development and security for IoT and Automotive. He is also running his personal blog Sorin Mustaca on Cybersecurity and is the author of the free eBook Improve your security .