Not-So-Merry Mobile App Scams

How it works:

Mobile apps are created with a technology known as near-field communication (NFC) encoded into the app. This lets two NFC-capable devices share data with one another; the problem is that some credit cards have built-in NFC technology.

The malicious app continues to scan for credit card information in the background, even when the phone isn’t in use. When a compromised phone is put in close proximity to a wallet, it collects credit card credentials and emails them to cybercriminals.

The cyber attackers then use this information for purchases online and even in stores that have a tap-and-go payment device. To prevent this from happening to you research the developer beforehand by verifying that its website is legitimate and reading through user reviews.

Ricky Magalhaes, Head of Offshore Security, Logicalis, says: “Consumers need to be very careful about what they download and the information they give any app they have downloaded. The apps may ask you to supply your credit card details, and may ask you to log in using Facebook which then places you at risk as you will be handing over personal information.

“Google Play and The App Store use algorithms to try to keep malware out. These apps are correctly coded so don’t get picked up by the algorithms. The companies have people trying to detect and remove fake apps but they proliferate so quickly it’s a very difficult task.”

Mobile malware is on the rise but you can still protect yourself by being smart about what actions you perform on your phone. The first line of defence against cyber threats is the user. Educate yourself by using the tips mentioned in this blog. In addition to knowledge, you can add an extra layer of protection to your phone by installing security software, which can help protect you against the endless number of threats on the mobile Internet landscape.