After years of hacking, phishing and other malware in PC’s, the criminal fraternity has moved onto mobiles in a big way.
Using the same tools as we use for our modem development software it is poosible to create an app that steals your data.
The main reason for this is that there is one key difference between PC and mobile hacking. With a PC the user needs to be enticed to a web site to download something onto the PC. It might be a key logger or phishing scam that offers a tax return/lottery win etc. However, on a mobile the connection to your finances is already made as everything you do on a mobile has a charge.
This is the reason why mobiles are so at risk; your mobile could download an app that uses your credit to dial premium rate numbers and you won’t find out until your next bill. The ‘money’ already exists to be taken.
Moral of the story – Don’t buy illegal apps. It is said that up to 90% of certain apps on mobiles are illegal downloads – that is one vulnerability. Code can be inserted into current popular apps and then offered for free, with the extra code and none of the protection of purchasing from the legal supplier.