Though SMS may have been claimed dead many time, it is still very much alive, and quite popular among mobile phishers. At VB2015, Adaptive Mobile researcher Cathal Mc Daid presented a paper various mobile phishing campaigns targeting North American banks.
VB2015 paper: Mobile Banking Fraud via SMS in North America: Who’s Doing it and How
While SMS has been declared dead many times, the service remains frequently used – and abused.
In a paper presented at VB2015 in Prague, Adaptive Mobile researcher Cathal Mc Daid looked at fraudulent SMS campaigns, in particular those targeting banking users in North America.
He showed how these campaigns tend to target specific banks and specific regions, especially those on the East Coast, and also looked at how, similar to what we have long seen in email spam, the messages keep changing in subtle ways, to stay one step ahead of detection.
Posted by Martijn Grooten on Mar 2, 2016