Mobile emulator steals millions from online bank accounts (Includes interview)
A new form of cyber-crime has seen cybercriminals siphoning off millions from compromised bank accounts using mobile device emulators. This requires a new approach to protecting personal and business accounts. The latest cybersecurity issue has been identified by IBM Trusteer. Here researchers indicate they have uncovered a massive fraud operation. This operation has utilized network of mobile device emulators to drain millions of dollars from online bank accounts in a matter of days. What makes this attack one of concern is the way the attackers use data sources, scripts, and customized appl...
Source: digitaljournal.com