SMS Bank Tokens Vulnerable: RSA
![SMS forwarding services are also becoming mainstream in the fraud underground and enable the [token] sent by a bank via text to a user’s mobile phone to be intercepted and forwarded directly to the cyber criminal’s phone](http://www.securesmstoday.com.au/wp-content/uploads/2011/01/mobile-phone-attacks-will-increase-this-year-as-criminals-attempt-to-intercept-sms-based-authentication-tokens.jpg)
I read a nice article today on zdnet.com.au. It is becoming clearer by the day that criminals are beginning to target the mobile device as an access point to user data.
The following in an excerpt from the article.
Mobile phone attacks will increase this year as criminals attempt to intercept SMS-based authentication tokens, according to security company RSA.
The tokens are designed to complement username and password log-in checks by requiring users to validate payments with unique numerical codes, in this instance sent by SMS.
It is becoming more popular, and the Commonwealth Bank of Australia claims to have 80 per cent of its customer base using tokens to validate third-party payments via SMS or through safer handheld token-number generators. The bank isn’t forcing customers to use it, but those who don’t will not be permitted to carry out high-risk transactions over NetBank.
RSA said in a 2011 predictions report that sending tokens via SMS will make phones a target.
“The use of out-of-band authentication SMS … as an additional layer of security adds to the vulnerabilities in the mobile channel,” the company said in its report.
“A criminal can … conduct a telephony denial-of-service attack which essentially renders a consumer’s mobile device unavailable.
“SMS forwarding services are also becoming mainstream in the fraud underground and enable the [token] sent by a bank via text to a user’s mobile phone to be intercepted and forwarded directly to the cyber criminal’s phone.”







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