Re: Mobile banking: alarm as fraudsters take over handsets and raid accounts

On 13.07.24 12:58, Java Jive wrote:

https://www.theguardian.com/money/article/2024/jul/13/mobile-banking-fraudsters-accounts-scams-refund-victims
 
"Mobile banking: alarm as fraudsters take over handsets and raid accounts

The article is extremely unspecific how the accounts/mobiles were taken
over. Not very helpful.

I'm suspicious that elementary security rules were violated by the user
and not the bank or the telecom provider.

In the first place a phone locked by a strong password or biometric
means cannot be taken over.

The bank account if professionally set up will at least need another
strong password or a biometric login, which should be mutually different
from the device login.

And sorry to say: If a device can be "taken over by malware" something
is fundamentally wrong with the user. For banking it is never a good
idea to use old hard- and software which is no longer supported.

And it is also not a good idea to load "security software" on a mobile
device. Wherever it comes from.

This article gives no relevant insight into anything that happened.

Jörg


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