Security News
Qualcomm Technologies unveiled the Qualcomm Small Business Accelerator Program, designed to help small businesses convert to a mobile-first work environment necessary to thrive in today's business climate. With the launch of the Qualcomm Small Business Accelerator Program, Qualcomm Technologies and its ecosystem of partners have committed to provide technology products, services and support to US-based small businesses across various industries.
The increased use of mobile banking apps due to the COVID-19 pandemic is sure to be followed by an increased prevalence of mobile banking threats: fake banking apps and banking Trojans disguised as those apps, the FBI has warned. "Studies of US financial data indicate a 50 percent surge in mobile banking since the beginning of 2020. Additionally, studies indicate 36 percent of Americans plan to use mobile tools to conduct banking activities, and 20 percent plan to visit branch locations less often," the FBI pointed out.
High impact vulnerabilities in modern communication protocol used by mobile network operators can be exploited to intercept user data and carry out impersonation, fraud, and denial of service attacks, cautions a newly published research. The findings are part of a new Vulnerabilities in LTE and 5G Networks 2020 report published by London-based cybersecurity firm Positive Technologies last week.
The increase in mobile banking application usage is expected to lead to a rise in exploitation too, the Federal Bureau of Investigation warns. Over the past several years, mobile banking applications have seen wide adoption, and their use went up by 50% since the beginning of this year, an alert from the FBI's Internet Crime Complaint Center reveals.
As a result, the FBI said it expects cybercriminals to target banking customers with fake banking apps and app-based banking trojans. Phony bank apps spoof the actual apps of major banks to trick users into entering their account credentials.
Mobile health app Babylon, which states its company mission as putting "An accessible and affordable health service in the hands of every person on earth", has admitted to a software bug that went one step further than that. The user, named by the BBC as Rory Glover from Leeds in England, apparently used the app to check up on a prescription of his own, only to find that the "Consultation Replays" feature of the app contained a list of 50 videos for him to review.
Spirent Communications announced its extensive work with Rakuten Mobile in support of the operator's current LTE services, planned 5G Non-Standalone and Standalone rollout in Japan for its world-first fully virtualized cloud native mobile network. Rakuten Mobile required groundbreaking testing capabilities to assure the performance of new services and selected Spirent Landslide for core network testing.
There was a 37 percent increase worldwide in enterprise mobile phishing encounter rate between the fourth quarter of 2019 and the first quarter of 2020, according to Lookout. The report also shows that unmitigated mobile phishing threats could cost organizations with 10,000 mobile devices as much as $35 million per incident, and up to $150 million for organizations with 50,000 mobile devices.
If you use the Nextcloud mobile app, you'll want to password protect it to ensure you don't leave your sensitive data open for anyone to see.
Encounter rates for enterprise mobile phishing increased 37 percent between the last quarter of 2019 and the first quarter of 2020, from around 16 percent to 22 percent. The Mobile Phishing Spotlight Report from Lookout highlights how threat actors have shifted their tactics to take advantage of the evolving move from the physical to mobile or home office in the wake of the COVID-19 pandemic, which forced many companies to order their employees to work from home and use mobile devices as part of their every-day productivity.