Researchers Hack Gmail App With 92% Success Rate

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Mark Melin
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University researchers can hack a cell phone with a 92 percent rate, accessing banking, financial transactions and tricking the user to potentially engage in fraud, according to a new study. “We know the user is in the banking app, and when he or she is about to log in, we inject an identical login screen,” said electrical engineering doctoral student Qi Alfred Chen from the University of Michigan. “It’s seamless because we have this timing.” Weakness in cellphone operating system Chen is one of the researchers from the University of Michigan and the University of California Riverside that identified a weakness…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.