August 24, 2012 1 Comment-
With smartphones getting more and more advanced, it’s surprising to see that the iPhone has succumbed to an issue with one of the oldest mobile technologies: SMS (text) messaging. And it’s an issue that could cost you your savings.
When text messages are sent they contain information regarding both the sender of the message and a reply-to address, which automatically tells the phone where the reply should be forwarded. iPhone security researcher Pod2g discovered that the iPhone only shows the second piece of data – the reply-to address.
This means that a hacker could send a message that appears to come from a reputable source – e.g. a bank – but is actually part of a scheme to steal your bank information.
While this is an issue iPhone users will have to be aware of in future, I thought it was important to point out that computer users have been at risk of this exploit for a very long time.
Email also contains a built-in “reply-to” system, and although the majority of email clients show both the sender and the reply-to address separately, most people don’t even know it exists.
While products like Norman protect your computer from malicious files and can back up your data, the best defense of your bank details (and other personal information) from being stolen is to remain vigilante and remember the following tips:
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