Online banking is a dream come true. No trips to the bank, no bureaucracy, and instant access to your money 24/7 from anywhere in the world.
It should come as no surprise that more and more people are migrating to 100% online financial services like Monzo or Revolut. According to estimates, over 5 million customers in the UK have joined the Monzo banking platform since its launch in 2015, and payment platform Revolut boasts 15 million users worldwide.
However, instant access to all your savings from a mobile phone comes with risks, as hackers have specialized in mobile threats in recent years and thrive on people’s lack of focus when they’re on the phone.
According to a report by security researcher William Thomas, cited by BleepingComputer, cybercriminals are actively targeting Monzo and Revolut users right now, trying to gain access to their accounts via SMS text messages that link to fake landing pages impersonating the real deal.
While investigating the domains used for the fake Monzo landing pages, Thomas also found similar domains used for Revolut scams, which means a similar attack mechanism is used against Revolut users and possibly other digital bank customers.
tags
Radu is a tech-geek with 15 years of experience in writing, journalism and copywriting. When he’s not writing he’s probably taking something apart, trying to figure out how things work.
View all postsSeptember 06, 2024
September 02, 2024