Mobile phones are essentially pocket-sized computers. As such, these increasingly ubiquitous devices are attractive to cybercriminals. Consider that more than 60% of fraud originates with phones, according to RSA Security, and roughly 80% of those attacks occur via an app. All phones, regarding of brand or model, can be vulnerable. How does this impact the insurance world? Besides being vigilant regarding to their own data and financial security, insurance carriers today also must monitor potential financial threats to policyholders. Among the vulnerabilities presented by our handy mobile phones: They can be used to siphon money from bank accounts, perpetuate other financial frauds, tap into private data, track a user's location and movement, and monitor their online usage — including access to proprietary business software or accounts. The slideshow above illustrates 10 clues compiled by the cybersecurity information site VPNOverview.com that a mobile phone has been hacked. In many cases, checking a suspicious phone for unusual apps is one place to start determining whether that phone has been compromised. Should it happen, uninstalling suspicious apps and installing antivirus software are two early steps that can help squash the problem. See also: |

• 6 common attacks on insurtech and mobile insurance apps
• New cyber risk targets small businesses
• 3 elements of a successful mobile insurance strategy