Chinese Groups Stole 115 Million US Cards in 16-Month Smishing Campaign

Chinese Groups Stole 115 Million US Cards In 16-Month Smishing Campaign - Cybernoz - Cybersecurity News

A new report from cybersecurity firm SecAlliance has revealed a highly organized criminal operation run by Chinese syndicates that may have compromised as many as 115 million payment cards in the United States. According to the research, these attacks, which occurred between July 2023 and October 2024, have resulted in billions of dollars in losses.  The report, published on August 5, highlights a fundamental change in how these hackers operate.…

Chinese Groups Stole 115 Million US Cards in 16-Month Smishing Campaign

A SecAlliance report reveals Chinese smishing syndicates compromised 115M US payment cards by bypassing MFA to exploit Apple Pay and Google Wallet.

Chinese Hackers Breach Exposes 115 Million U.S. Payment Cards

Security researchers have uncovered a highly advanced network of Chinese-speaking cybercriminal syndicates orchestrating smishing attacks that exploit digital wallet tokenization, potentially compromising up to 115 million payment cards in the United States alone. These operations, which evolved dramatically since August 2023, leverage phishing-as-a-service (PaaS) platforms to harvest credentials and bypass multi-factor authentication (MFA) mech…

Chinese Smishing Attacks Compromise Millions of U.S. Digital Wallets in Sophisticated Fraud Campaign

A significant evolution in SMS phishing (smishing) campaigns emerged in 2023, as Chinese cybercriminal operations successfully compromised U.S. payment cards through sophisticated exploitation of digital wallet tokenization systems. The campaigns, which targeted Apple Pay and Google Wallet users, demonstrated unprecedented scale and technical complexity in circumventing traditional fraud detection methods. Between July 2023 and October 2024, the…