Security News > 2020 > February > Mobile Banking Users Targeted in SMS Phishing Campaign

Cybercriminals targeted mobile banking users by sending malicious SMS messages to their smartphones as part of a phishing campaign to steal account holders' information, including usernames and passwords, according to the cybersecurity firm Lookout.

More than 3,900 mobile banking app users of several Canadian and American banks fell victim to the SMS phishing attacks, which started in June 2019 and apparently recently ended, researchers at Lookout say in their new report.

The phishing campaign that the Lookout researchers describe in their report used malicious SMS messages to lure victims into clicking on links that would take them to fake login pages of banks.

The attackers only targeted mobile users and spoofed the websites that were built specifically for smartphones, according to the report.

"Since mobile users are typically on the move and less likely to scrutinize the authenticity of an SMS message, text messages have become an attractive new attack vector," the researchers say.

News URL

https://www.inforisktoday.com/mobile-banking-users-targeted-in-sms-phishing-campaign-a-13735