Android malware sparks payment card theft crisis with groundbreaking new technique!

Android malware payment card theft targets NFC users.
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  • Android malware payment card theft has been identified with the discovery of NGate, which uses an infected device’s NFC reader to steal payment card data and clone cards for unauthorized transactions.
  • The malware, named NGate, employs NFCGate, an open-source tool, to relay NFC data from the victim’s card to the attacker’s smartphone for emulation and ATM withdrawals.
  • NGate is typically installed through phishing tactics, where victims are tricked into downloading a fake banking app that requests sensitive information and NFC activation.
  • The campaign likely ended following the arrest of a suspect in Prague, who was involved in a similar scheme using NGate to withdraw money from ATMs.
  • Researchers indicate that NGate could also be adapted for other NFC-related attacks, such as cloning smart cards used for various applications, highlighting the versatility of this malware.
Summarized Article:

https://arstechnica.com/security/2024/08/android-malware-uses-nfc-to-read-payment-card-data-then-sends-it-to-attacker/



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