Scammers Getting Better at Hacking Your Smartphone

s smartphone viruses creep closer to U.S. shores, malicious programmers behind them have become more ingenious, according to a report issued Tuesday by computer security firm McAfee. Predictably, it’s all about the money — that is, hackers are learning how to turn your smartphone into cash for them.

One year ago, state-of-the-art smartphone viruses tricked the gadgets into dialing pricey international phone numbers or sending premium texts routed through accounts controlled by hackers, not unlike old-fashioned 1-900 toll call scams. But a new crop of sophisticated mobile phone viruses are worming their way into consumers’ handset software and enabling criminals to send themselves cash directly without a phone ever leaving your pocket.

“The type of threat is really evolving,” said Adam Wosotowsky, a threat researcher for McAfee Labs who helped prepare the McAfee Threats Report. For example, a new crop of mobile viruses intercept two-factor authentication codes sent as text messages by banks, cracking a system that has long been considered safe. Some phone viruses are smart enough to collect passwords and launch mobile bank apps, the report says.

See the complete original post at http://blog.credit.com/2013/08/scammers-better-hacking-smartphone/

About Bob Sullivan 1364 Articles
BOB SULLIVAN is a veteran journalist and the author of four books, including the 2008 New York Times Best-Seller, Gotcha Capitalism, and the 2010 New York Times Best Seller, Stop Getting Ripped Off! His latest, The Plateau Effect, was published in 2013, and as a paperback, called Getting Unstuck in 2014. He has won the Society of Professional Journalists prestigious Public Service award, a Peabody award, and The Consumer Federation of America Betty Furness award, and been given Consumer Action’s Consumer Excellence Award.

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