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Krebs on Security 1 year, 5 months ago

How Phished Data Turns into Apple & Google Wallets

Carding -- the underground business of stealing, selling and swiping stolen payment card data -- has long been the dominion of Russia-based hackers. Happily, the broad deployment of more secure chip-based payment cards in the United States has weakened the carding market. But a flurry of innovation from cybercrime groups in China is breathing new life into the carding industry, by turning phished card data into mobile wallets that can be used online and at main street stores.

Five malicious dropper Android apps with over 130,000 cumulative installations have been discovered on the Google Play Store distributing banking trojans like SharkBot and Vultur, which are capable of stealing financial data and performing on-device fraud