Threat actors are increasingly relying on a novel method that uses near-field communication (NFC) to extract large sums of money from victims.
Cybercriminals can cash out money from stolen credit cards connected to mobile payment services like Apple Pay or Google Pay and relaying NFC traffic using a technique called Ghost Tap, which ThreatFabric has nicknamed.
According to a statement sent by the Dutch security firm to The Hacker News, criminals can now abuse Google Pay and Apple Pay to send your tap-to-pay details all across the world in a matter of seconds. This implies that they can use your account to make payments from anywhere in the world, even if they don’t have your actual card or phone.
Usually, these assaults lure victims into installing malware for mobile banking, which then records their banking credentials read more about Hackers Exploiting NFCGate to Steal Funds via Mobile Payments.
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