Topic: SMS-harvesting mobile virus targeting banks

[Simon]

Security experts are warning of a variant of the Zeus banking trojan that attacks mobile phones and can bypass the two-stage verification system used by some banks.

Zeus Mitmo is previously unknown malware that is designed to intercept the confirmation SMS sent out by some banks as part of the online log-in process, according to Spanish security company S21sec.

“The reason is pretty obvious: many companies (not only financial institutions) are using SMS as a second authentication vector, so having both the online username and password is not enough in the identity theft process,” said analyst David Barroso in the S21sec security blog.

Read more: http://www.pcpro.co.uk/news/security/361504/sms-harvesting-mobile-virus-targeting-banks

[Clive]

Throw it away Simon.  I'm going back to using my house brick.   

[Simon]

Anyone who uses a mobile to access their bank, deserves all they get!

[Rodders]

This is sure to hit Paypal as well, since they text a six-digit code to your mobile as part of their verification process.  I wonder just how long it'll be before biometric authentication requires a DNA sample before allowing you to pay for that genuine 25-carat gold rare Chinese skipping sheep you've just won on eBay?
 

[sam]

I dont think I ever do that with paypal..

still worrying.

[Simon]

No, I use the eBay app for bidding, occasionally, but I always use the home PC to pay for purchases.