Security of SIM cards under threat? – mobile industry reaction

This week, an announcement from Security Research Labs caused a stir, claiming that SIM cards, the ubiquitous and generally regarded safe data storage lynchpin of mobile handsets, is in fact facing a critical hacking risk.  In particular, older generation SIM cards, estimated to number some 500-750 million in the wild, could be susceptible to infection by a virus that according to Forbes, could: send premium text messages, surreptitiously re-direct and record calls, and — with the right combination of bugs — carry out payment system fraud. It has been noted that the issue is of particular … [Read more...]