Courtesy PhysOrg.com:
by Glenn Chapman
Cyber-crooks are increasingly taking aim at smartphones, following their prey as lifestyles migrate to Internet-linked mobile devices, according to new reports by online security firms.
Symantec's annual Norton Cybercrime Report released calculated that such crimes cost worldwide consumers $110 billion in the past year, with an increase in attacks on mobile devices and online social networks. "Cybercriminals are changing their tactics to target fast-growing mobile platforms and social networks where consumers are less aware of security risks," said Norton Internet safety advocate Marian Merritt. Lookout Mobile Security estimated that millions of dollars have been stolen from people worldwide during the past year using smartphone "malware," with a "toll fraud" virus proving to be a popular tool. Toll fraud programs prompt smartphones to send bogus premium text messages, charges for which are added to telecom service bills. The money winds up in the pockets of the people responsible for the infections. Toll fraud malware is designed to hide what it is doing, and charges can go unnoticed in complex mobile service billing statements, according to Lookout senior product manager Derek Halliday. Lookout, which has more than 25 million subscribers to its service, said that in the past 12 months the amount of toll fraud viruses found on devices climbed from 29 percent to 62 percent. "The mobile malware industry has matured and become a viable business model," Halliday said. "Toll fraud is the most prevalent type of malware."
MORE
by Glenn Chapman
Cyber-crooks are increasingly taking aim at smartphones, following their prey as lifestyles migrate to Internet-linked mobile devices, according to new reports by online security firms.
Symantec's annual Norton Cybercrime Report released calculated that such crimes cost worldwide consumers $110 billion in the past year, with an increase in attacks on mobile devices and online social networks. "Cybercriminals are changing their tactics to target fast-growing mobile platforms and social networks where consumers are less aware of security risks," said Norton Internet safety advocate Marian Merritt. Lookout Mobile Security estimated that millions of dollars have been stolen from people worldwide during the past year using smartphone "malware," with a "toll fraud" virus proving to be a popular tool. Toll fraud programs prompt smartphones to send bogus premium text messages, charges for which are added to telecom service bills. The money winds up in the pockets of the people responsible for the infections. Toll fraud malware is designed to hide what it is doing, and charges can go unnoticed in complex mobile service billing statements, according to Lookout senior product manager Derek Halliday. Lookout, which has more than 25 million subscribers to its service, said that in the past 12 months the amount of toll fraud viruses found on devices climbed from 29 percent to 62 percent. "The mobile malware industry has matured and become a viable business model," Halliday said. "Toll fraud is the most prevalent type of malware."
MORE