Mobile devices: A gold mine for cyber criminals' exploitation

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This case is fictional, but it's representative of a new wave of identity theft with the proliferation of mobile devices such as smartphones, tablet PCs and e-readers that consumers, businesses and government agencies have adopted to transact business, including mobile banking. Cyber criminals go where the money is, and they've reacted quickly to exploit the spread of the mobile banking arena as a profit center. The mobility of laptops led to an exploitation of personal data through loss and theft, but the movement to smaller portable devices represents a much larger opportunity for cyber criminals to exploit data.