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Hacking attacks cross 100m amid mobile banking heist
The growing mobile-phone malware threats represents a new entry point for criminals who typically were used to stealing bank credentials by other means, such as installing skimmers on automatic teller machines or by using scams targeting desktop computer users.
Hacking attacks rose above 100 million breaches in the nine months to September, as cyber criminals increasingly ride on smart phones to hack into consumer bank accounts.
Cyberthieves are using such so-called malware to steal banking credentials from unsuspecting consumers when they log on to their bank accounts via their mobile phones, according to regulators and cybersecurity specialists.
