How Phished Data Turns into Apple & Google Wallets

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 onli…

Hackers Converting Stolen Payment Card Data into Apple & Google Wallets

Cybercriminal groups, primarily based in China, are leveraging advanced phishing techniques and mobile wallet technologies to convert stolen payment card data into fraudulent Apple and Google Wallet accounts. This innovative approach has revitalized the underground carding industry, which had been weakened in recent years by the adoption of chip-based payment cards in the United States. […] The post Hackers Converting Stolen Payment Card Data in…