This week, the media has brought to light a major issue with the Starbucks application after a number of customers had their Starbucks Payment App accounts broken into and money stolen directly from their bank and PayPal accounts.
This hack underscores a major misconception about mobile security today: that the only threat on mobile is malware.
Not true. Cybercriminals are rational economic actors who look for the easiest way to make money. Your mobile device is often their target because it has turned into your digital wallet, with access to your bank accounts and many other forms of payment.
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