From Mobile Financial dot Com:
This virus is designed to steal online banking passwords and scrape the user's SMS messages. It is basically a phishing attack whereby it dupes iPhone users visiting their online banking website with a "phoney" look-alike to steal their passwords. There have been confirmed reports of this happening in the Netherlands with users accessing ING online banking from their phones.
While these viruses have only targeted the small percentage of iPhones...it does highlight the risks that smartphones will face more and more as they become the tool of choice for consumers to stay connected online. This should not be overlooked by the mobile financial services community and it would be wise for the leaders in this space to begin to offer solutions towards thwarting these types of threats before they become a reality.
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