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Cybersecurity researchers have disclosed details of a telecommunications fraud campaign that uses fake CAPTCHA verification tricks to dupe unsuspecting users into sending international text messages that incur charges on their mobile bills, generating illicit revenue for the threat actors who lease the phone numbers
Cyber-fraudsters move quickly from compromised devices to account takeover to funds transfer, shifting money before many financial institutions can react.
They cleverly mimic most traits of a real phone Smartphones have fast become the basis of our digital identities, securing payment systems and bank accounts. Now virtual devices that pretend to be real handsets have become a key tool for financial scammers, according to one company. …
Mobile banking malware targets over 1200 financial apps globally, shifting fraud to user devices
African authorities arrested 651 suspects and recovered over $4.3 million in a joint operation targeting investment fraud, mobile money scams, and fake loan applications. [...]
India's Department of Telecommunications (DoT) has issued directions to app-based communication service providers to ensure that the platforms cannot be used without an active SIM card linked to the user's mobile number
India's telecommunications ministry has reportedly asked major mobile device manufacturers to preload a government-backed cybersecurity app named Sanchar Saathi on all new phones within 90 days
Under a new partnership with the government aimed at combating fraud, Britain's largest mobile carriers have committed to upgrading their networks to eliminate scammers' ability to spoof phone numbers within a year. [...]
A previously undocumented Android banking trojan called Klopatra has compromised over 3,000 devices, with a majority of the infections reported in Spain and Italy
Steganography, Mobile Marketing Attribution, Code Obfuscation Deployed for Ad FraudA cybercrime crew using Android mobile apps to conduct advertising fraud took unusual pains to hide its activity, concealing malicious code in downloadable digital images and holding off from infecting the subset of users who organically found their apps through the Google Play store.
A new Android malware called RatOn evolved from a basic tool capable of conducting Near Field Communication (NFC) attacks to a sophisticated remote access trojan with Automated Transfer System (ATS) capabilities to conduct device fraud
A 21-year-old Florida man at the center of a prolific cybercrime group known as "Scattered Spider" was sentenced to 10 years in federal prison today, and ordered to pay roughly $13 million in restitution to victims. Noah Michael Urban of Palm Coast, Fla. pleaded guilty in April 2025 to charges of wire fraud and conspiracy. Florida prosecutors alleged Urban conspired with others to steal at least $800,000 from five victims via SIM-swapping attacks that diverted their mobile phone calls and text messages to devices controlled by Urban and his co-conspirators.
The financially motivated threat actor known as UNC2891 has been observed targeting Automatic Teller Machine (ATM) infrastructure using a 4G-equipped Raspberry Pi as part of a covert attack
A mobile ad fraud operation dubbed IconAds that consisted of 352 Android apps has been disrupted, according to a new report from HUMAN
Cybersecurity researchers have exposed the inner workings of an Android malware called AntiDot that has compromised over 3,775 devices as part of 273 unique campaigns
Upgraded GodFather banking malware now uses on-device virtualization to hijack apps, enabling real-time fraud
Threat hunters have exposed a novel campaign that makes use of search engine optimization (SEO) poisoning techniques to target employee mobile devices and facilitate payroll fraud
Authorities in at least two U.S. states last week independently announced arrests of Chinese nationals accused of perpetrating a novel form of tap-to-pay fraud using mobile devices. Details released by authorities so far indicate the mobile wallets being used by the scammers were created through online phishing scams, and that the accused were relying on a custom Android app to relay tap-to-pay transactions from mobile devices located in China.
France’s four leading mobile operators, Bouygues, Free, Orange and SFR, have taken steps to combat mobile fraud as part of the GSMA Open Gateway initiative
ESET detected a new phishing technique using progressive web applications (PWAs) as part of a large-scale mobile financial scam