Krebs on Security: SMS Phishing + Cardless ATM = Profit

Krebs on Security: SMS Phishing + Cardless ATM = Profit. “A number of financial institutions are now offering cardless ATM transactions that allow customers to withdraw cash using nothing more than their mobile phones. But this also creates an avenue of fraud for bad guys, who can leverage phished or stolen account credentials to add a new phone number to the customer’s account and then use that added device to siphon cash from hijacked accounts at cardless ATMs.”

Phishing, Vishing, and Smishing

You already know about phishing, right? Check out this article on vishing and smishing. “While phishing existed long before the Internet, our capacity to engage with social media, connect with people through email, and generally place trust in online systems we don’t fully understand (including banking) has curated a golden period for would-be scammers. Their Midas touch continues with the ‘introduction’ of vishing and smishing exploits.”