Smartphone Cybercrime Up

By: Absolute Team | 11/29/2012

Experts say that the incentive to aggressively target the mobile market is just not there yet… but the 'tipping point' is coming soon. As people shift their 'money-based' activities from their computers to their smartphones, cybercriminals will follow suit. If you are doing your online banking or online shopping on your smartphone, you are the most at risk for cybercrime.

  • 40% of mobile users will click an unsafe link on their smartphone this year (we're more likely to click unsafe links on mobile devices)
  • Cyberattacks on mobile phones rose by a factor of 6 in the past year
  • Less than 20% of mobile phones run antivirus software
  • 89% are unaware that smartphone applications can transmit confidential payment information such as credit card details without the user’s knowledge or consent
  • 91% are unaware that financial applications for smartphones can be infected with specialized malware designed to steal credit card numbers and online banking credentials
  • 29% store credit and debit card information on their devices
  • 56% did not know that failing to properly log off from a social network app could allow an imposter to post malicious details or change personal settings without their knowledge

You may want to rethink the kinds of activities you are doing on your phone, to avoid unnecessary risk. Although the percentage of mobile threats is still small, you don't want to be the one who ends up the victim of fraud or identity theft because you didn't take any precautions when using your mobile device.


Financial Services