'The potential outcome is devastating for victims'
Criminals are getting smarter at targeting victims to gain access to banking apps on mobile phones, a senior UK fraud officer has said.
"If you start to think of it like that, would you walk into a bar, put it down and turn your back on it? Probably not." "Because should a criminal be successful in getting into the phone and then getting into the bank apps they have access to have your whole savings, your whole life, whatever it is that you have stored on that financial app".
When he realised his phone was gone he was annoyed and frustrated but thought nothing more of it until the next morning when he logged on to his online banking and discovered all his money had been stolen.
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