Beware the smartphone security threat — new report claims most banking scam attempts now take place on mobile devices
Pro Security Beware the smartphone security threat — new report claims most banking scam attempts now take place on mobile devices News By Christian Cawley Published 4 October 2026 There’s a scammer in your pocket When you purchase through links on our site, we may earn an affiliate commission. BioCatch’s research shows that 90% of all scams take place via a mobile phone, with romance scams increasing by 23% on the last year and investment scams the most costly, with an average case value of $6,600.BioCatch has identified that artificial intelligence techniques are used by both the scammers and the banks. "If anything, artificial intelligence has lowered the barrier to entry for aspiring scammers, allowing more bad actors to create more convincing scams at a scale we’ve never seen before.
- ▪Pro Security Beware the smartphone security threat — new report claims most banking scam attempts now take place on mobile devices News By Christian Cawley Published 4 October 2026 There’s a scammer in your pocket When you purchase through
- ▪BioCatch’s research shows that 90% of all scams take place via a mobile phone, with romance scams increasing by 23% on the last year and investment scams the most costly, with an average case value of $6,600.BioCatch has identified that art
- ▪"If anything, artificial intelligence has lowered the barrier to entry for aspiring scammers, allowing more bad actors to create more convincing scams at a scale we’ve never seen before.
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Story provenance
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| Original publisher | TechRadar |
| Canonical URL | https://www.techradar.com/pro/security/beware-the-smartphone-security-threat-new-report-claims-most-banking-scam-attempts-now-take-place-on-mobile-devices |
| Publication time | Sun, 04 Oct 2026 06:00:00 +0000 |
| Retrieval time | 2026-10-04T06:07:00.078Z |
| Last seen | 2026-10-04T06:07:00.078Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | gph5VcSgALSD · 1 stories |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
Rights status (four layers)
WeSearch handling by dimension
| Indexing | May the item be indexed (stored, ranked, made findable)? | Allowed |
| Snippet | May a short excerpt of the publisher's text be shown? | Allowed |
| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
Opening excerpt (first ~120 words) tap to expand
Pro Security Beware the smartphone security threat — new report claims most banking scam attempts now take place on mobile devices News By Christian Cawley Published 4 October 2026 There’s a scammer in your pocket When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. (Image credit: Getty Images) Copy link Facebook X Whatsapp Reddit Pinterest Flipboard Threads Email Share this article 0 Join the conversation Follow us Add us as a preferred source on Google Newsletter Subscribe to our newsletter Scammers are increasingly targetting mobile users with banking scamsAttempts at banking scams increased by 35% over the past 12 monthsEmployment scams are also growing, tempting victims with promises of high wages and job satisfaction – for a priceNew…
Excerpt limited to ~120 words for fair-use compliance. The full article is at TechRadar.
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