Cybercriminal groups peddling sophisticated phishing kits that convert stolen card data into mobile wallets have recently shifted their focus to targeting customers of brokerage services, new research shows. Undeterred by security controls at these trading platforms that block users from wiring funds directly out of accounts, the phishers have …

China-based purveyors of SMS phishing kits are enjoying remarkable success converting phished payment card data into mobile wallets from Apple and Google. Until recently, the so-called “ Smishing Triad ” mainly impersonated toll road operators and shipping companies. But experts say these groups are now directly targeting customers of international financial …

Authorities in at least two U.S. states last week independently announced arrests of Chinese nationals accused of perpetrating a novel form of tap-to-pay fraud using mobile devices. Details released by authorities so far indicate the mobile wallets being used by the scammers were created through online phishing scams …

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 …

Residents across the United States are being inundated with text messages purporting to come from toll road operators like E-ZPass, warning that recipients face fines if a delinquent toll fee remains unpaid. Researchers say the surge in SMS spam coincides with new features added to a popular commercial phishing …