Cybersecurity Researchers Warn of Virtual Phone Attacks Bypassing Bank Security
Cybersecurity Researchers Warn of Virtual Phone Attacks Bypassing Bank Security
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Cybersecurity researchers have uncovered a new method employed by criminals: using virtual Android phones to bypass traditional bank security measures and drain customer accounts. These sophisticated attacks typically commence with social engineering tactics to deceive users.
Cybercriminals are now using virtual phones to fool the anti-fraud protections of banks and drain customers’ accounts. Citing the cybersecurity firm Group-IB, Malwarebytes researcher Pieter Arntz says criminals are renting cheap internet-based Android smartphones and using them to bypass banks’ security checks. “The start of an attack is still social engineering. Criminals try to trick users.