Don’t Ditch SMS, But Change the Way You Use It | American Banker


Common ways for a criminal to compromise an SMS authenticator include remotely hacking a phone and having the texts forward to a different phone, or to a computer via voice over internet protocol, Rezek said. In that scenario, the bank could utilize technology behind the scenes that observes how users behave and interact with the bank using digital devices, and send alerts when there are signs of fraud. For example, technology could detect if the device interacting with the bank is the one registered or a different mobile device or even a computer.

Source: Don’t Ditch SMS, But Change the Way You Use It | American Banker

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s