Phone Banking Fraud Takes The Place Of Credit Card Fraud New Android Trojan Reads Blogs To Update It

snoopy · Oct 7, 2011

Phone Banking Fraud Takes the Place of Credit Card Fraud
New Android Trojan Reads Blogs to Update Itself

The figures show that in the first six months of 2011 a 9% reduction was recorded in credit card involved losses in the UK. It seems as this is a direct result of the measures implemented in the effort of reducing replication, such as the deployment of chip cards.

It's clear that the PIN and chip technologies have made it harder for villains to copy cards so they started focusing more on actually stealing them. It seems as public awareness campaigns, combined with innovative online protection technologies really helped the citizens of the UK, as compared to 2010, a 32% decrease was recorded in relation to virtual banking fraud.

On the downside, profiting from the fact that people hardly protect their smartphones, cybercriminals took advantage and turned to banking operations made from phones, the results showing that a 48% increase was recorded in this sector.
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Story - http:/ ews.softpedi...ud-226155.shtml

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Phone Banking Fraud Takes The Place Of Credit Card Fraud New Android Trojan Reads Blogs To Update It

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Phone Banking Fraud Takes The Place Of Credit Card Fraud New Android Trojan Reads Blogs To Update It

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