#MobilePayments

New Ghost Tap attack abuses NFC mobile payments to steal money

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November 20, 2024 at 11:45AM Cybercriminals are exploiting a method called ‘Ghost Tap’ to cash out stolen credit card details via mobile payment systems, using money mules worldwide. This tactic, more sophisticated than past methods, enables remote cash outs at multiple locations, making detection difficult for financial institutions. Consumer vigilance is essential to prevent losses. … Read more

Ghost Tap: Hackers Exploiting NFCGate to Steal Funds via Mobile Payments

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November 20, 2024 at 08:52AM Cybercriminals are exploiting a technique known as Ghost Tap, using near-field communication (NFC) to fraudulently withdraw funds from stolen credit cards linked to mobile payment services like Google Pay and Apple Pay. This method allows transactions without the physical card or phone, complicating detection for financial institutions and retailers. ### … Read more