smart spending

Smartphone scams: Bank at your own risk

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From iPhones to Android phones, the proliferation of smartphones has made consumers more vulnerable to scams aimed at getting banking and other personal information. So far, the attacks aren't as widespread as they are on the Internet, but they are expected to increase as more consumers use their smartphones to conduct banking transactions.

"The bad guys out there want to target the platforms that give them the biggest bang for their buck," says Andrew Hoog, chief investigative officer at viaForensics, the Chicago-based digital forensics and security firm. "The new juicy target is smartphones."

Many smartphone users use their phones for work as well as pleasure. That means scam artists have access to potential business information and personal data that can compromise someone's identity.


 

 

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