Summary:
- This article discusses a new type of phishing scam targeting mobile brokerage accounts. Cybercriminals are using fake mobile apps and websites to trick investors into sharing their login credentials.
- The scam involves a "ramp and dump" scheme, where the criminals use the stolen credentials to buy stocks and artificially inflate their prices, then quickly sell them for a profit before the prices drop.
- The article warns investors to be cautious of unsolicited financial apps or websites and to always verify the legitimacy of any investment-related communications before providing any personal or financial information.