News

Criminals challenge mobile banking with phishing attacks

January 20, 2010

CU Info Security reports that fraudsters are now targeting mobile banking via phishing — sending bogus applications to users via mobile phone platforms.

CU Info Security says that Bayport Credit Union of Newport News, Va., and First Technology Credit Union of Portland, Ore., warned members about a mobile banking application that had appeared on the Android Marketplace, part of the Android mobile phone platform. More than 50 fraudulent banking apps have cropped up since mid-December. The apps tried to get users to enter their passwords, account numbers or other personal information.

Google, which owns the Android platform, reportedly removed the malicious applications, which have targeted customers of Barclays Bank, Chase, Wells Fargo, Bank of America, Wachovia and Deutsche Bank.