All news with #card fraud tag

Criminal Gangs Deploy Toll and Postal Texts to Steal Cards

💳 Criminal gangs operating from China send deceptive texts about overdue tolls, postal fees, and municipal fines to trick victims into divulging credit-card details. Investigators say the groups exploit an installation trick that provisions stolen card numbers into Google and Apple Wallet accounts in Asia, then share those virtual cards with buyers in the United States. The Department of Homeland Security estimates the scheme has generated over $1 billion in the last three years, enabling purchases of phones, gift cards, apparel and cosmetics by fraud rings that coordinate messaging, remote provisioning, and cross-border purchasing.