Fraud Reveals Industry-Wide Insecurity with Bank SMS Text Verification

Researchers from IBM Trusteer have uncovered a massive fraud operation that stole money from more than 16,000 people.  The worst part is – you have no defense against it. The crooks used emulators to imitate the phones of more than 16,000 people whose mobile bank accounts had been hacked. Even though regulators are implementing additional … Read more

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