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Bank Info Security 1 year, 2 months ago

Hackers Hijack NFC for Instant Payment Fraud

Attack Combines Social Engineering and Card Emulation to Execute Real-Time TheftHackers are using Chinese-speaking Android malware-as-a-service SuperCard X to carry out near-field communication relay attacks, siphoning payment card data and executing live point of sale and ATM transactions. Victims receive spoofed SMS or WhatsApp alerts purporting to originate from their bank.

Bank Info Security 23 Apr 2025, 5:30 a.m. Android Banking China Credit Card Facebook Finance Fraud Malware SMS Social Engineering Theft Victims
Bank Info Security 1 year, 8 months ago

Singapore Requires Banks, Telecoms to Prevent Scams

SMS Impersonation Scam Victims Must Be Made WholeSingapore regulators gave banks six months to institute real-time detection tools for blocking impersonation scams or else assume liability for stolen funds. A finalized framework published Thursday also shifts liability onto island-nation telecoms unless they block fraudulent SMS messages

Bank Info Security 26 Oct 2024, 6:00 a.m. Framework Impersonation Scam Singapore SMS Theft Victims