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Cyber-fraudsters move quickly from compromised devices to account takeover to funds transfer, shifting money before many financial institutions can react.
Both Android devices and iPhones are 3.5 times more likely to be infected with malware once "broken" and 250 times more likely to be totally compromised, recent research shows.
The number of malware samples is up as attackers aim to compromise users where they work and play: Their smartphones.
With names, email addresses, and mobile numbers from underground databases, one person in five is at risk of account compromise even with SMS two-factor authentication in place.
The cybersecurity community is buzzing with concerns of multichannel phishing attacks, particularly on smishing and business text compromise, as hackers turn to mobile to launch attacks.
Mobile vendor confirms that some source code used with its Galaxy devices was breached.