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

The risks of mobile banking are evident through fraudsters taking over phones, accessing bank accounts through email hacks or malware, and posing as victims to reset passwords and empty accounts.
Incidents like these show the importance of 2-step verification on accounts, differences in bank refund policies, and the potential use of malware to take over phones.
Read at www.theguardian.com
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