Risky Bulletin Newsletter
August 23, 2024
Risky Biz News: New Android malware evolves fraud tactics with NFC cloning
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News Editor
Recent improvements made to mobile banking apps and mobile operating systems are forcing threat actors to evolve their tactics with new and never-before-seen techniques.
One such example was recently uncovered in Czechia by local authorities, which called on security firm ESET to help with their investigation.
This new technique involves the cloning of a victim's NFC card data and sending it to an attacker, who then abuses it to make payments at PoS terminals or withdraw money from ATMs.