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Electronic consumer banking is about to get a lot more complicated. Mobile banking – the ability to conduct transactions and account enquiries via your mobile phone using J2ME-based applications – will create another channel by which fraudsters can access bank account details.
Mophophishing is just one method we predict these scammers will use. The hacker can send the user what to all intents and purposes looks like the genuine mobile banking application. Unlike email phishing, mophophishing is very difficult to detect.
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