The growth of smartphones in the past decade has contributed to massive changes in the lives of countless people. Communication has become much more accessible, and purchasing goods and services can be done with just a few clicks on their devices. And the arrival of the COVID-19 pandemic two years ago has further accelerated the reliance of numerous individuals on smartphones.
At present, millions of applications and websites can be accessed with mobile phones, offering endless possibilities on what consumers can do with their phones. However, the increasing growth of mobile phones also led to the rise of mobile fraud cases, which have been highly prevalent in recent years. Cyberhackers are in constant work to evolve their strategies to exploit their target companies’ online identity verification methods.
One of the widely used forms of cyberattack used by bad actors is network spoofing. Here, the criminals will trick their targets by creating a fake access point and will make it look like an authentic network. These are mainly set up in public places to have unsuspecting users that authorities run the network they connect to. Once connected, swindlers will gain access to any information transmitted while the network is being used.
Another threat that cyber hackers use is phishing. Here, they will send bulk messages to their targets, posing as legitimate brands with which their victims are connected. Text messages or emails are generally created with a link that will make people believe they need to do something with their accounts. The individuals who click the link will be prompted to input their credentials to look like they are accessing their accounts on legitimate websites without knowing that the fraudsters have already stolen their information.
These two forms of cyberattacks will allow criminals to access countless people’s accounts quickly. Investing in modern mobile identity verification solutions has become a top priority for numerous businesses, as it helps prevent swindlers from attacking their customers.
To learn more about mobile security threats and how to prevent them, check this infographic from the leading provider of secure, private authentication for the future – LoginID.
