n Personal Finance Newsletter - Preventing SMS banking scams : your money
|Article Title||Preventing SMS banking scams : your money|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||Aug 2009|
|Pages||8 - 9|
SMS one-time passwords are not secure. This has come to light following the arrest of two members of an SMS banking fraud syndicate - a Vodacom technician and his co-accused - who have been charged with fraud involving more than R7 million and contravening the Electronic Communications Act.
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