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Smartphone scams: Bank at your own risk

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Even surfing the Web on a mobile device using a public Wi-Fi hot spot can make you vulnerable to an attack. According to Hoog, it's very cheap and easy for a fraudster to buy a wireless router and give it a name, say Starbucks or another well-known access point. You could be in Starbucks sipping your latte thinking you are checking your bank account on Starbucks' network. But you are really surfing the Web via the network the fraudster sitting 50 feet away created to grab your sensitive information, he says.

"It is relatively easy to sniff out logins and passwords in public Wi-Fi settings," says Kanok. "It might be someone sitting in the corner pretending to be at a T-Mobile HotSpot."


 

 

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