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Cybersecurity researchers have disclosed details of a telecommunications fraud campaign that uses fake CAPTCHA verification tricks to dupe unsuspecting users into sending international text messages that incur charges on their mobile bills, generating illicit revenue for the threat actors who lease the phone numbers

Bank Info Security 3 months, 2 weeks ago

One-Time Passcodes Are Gateway for Financial Fraud Attacks

Report Reveals Growing Trend of Fraudsters Intercepting SMS-Based VerificationFinancial institutions have historically relied on one-time passcodes as a primary authentication control for their accountholders. But OTP verification is less reliable as fraudsters increasingly exploit SMS-based verification weaknesses to carry out account takeover and payment fraud schemes.

Rapid7 warns flaw could let any app peek at your SMS, but smartphone vendor won't pick up Security researchers report that OnePlus smartphone users remain vulnerable to a critical bug that allows any application to read SMS and MMS data — a flaw that has persisted since late 2021.…