Android malware steals your card details and PIN to make instant ATM withdrawals

The Polish Computer Emergency Response Team CERT Polska analyzed a new Android-based malware that uses NFC technology to perform unauthorized ATM cash withdrawals and drain victims' bank accounts. Researchers found that the malware, called NGate, lets attackers withdraw cash from ATMs Automated...

Revolut Faces $20 Million Loss as Attackers Exploit Payment System Weakness

Malicious actors exploited an unknown flaw in Revolut's payment systems to steal more than $20 million of the company's funds in early 2022. The development was reported by the Financial Times, citing multiple unnamed sources with knowledge of the incident. The breach has not been disclosed...

SMS Phishing + Cardless ATM = Profit

Thieves are combining SMS-based phishing attacks with new "cardless" ATMs to rapidly convert phished bank account credentials into cash. Recent arrests in Ohio shed light on how this scam works. A number of financial institutions are now offering cardless ATM transactions that allow customers to...