NFC Fraud Scheme Diverts ATM Deposits To Foreign Actors

Criminals are using malware to compromise mobile devices and intercept NFC-based ATM transactions. The software transmits files containing images of controlled bank cards to attackers. Instead of crediting victims' accounts, the fraudulent NFC connections redirect payments to accounts held by the perpetrators in a foreign state. Criminals are using malware to intercept mobile banking transactions via NFC connections at ATMs. Using NFC connections, victims perform transactions at ATMs that divert funds to the perpetrators instead of replenishing their accounts. Victims then inadvertently transfer funds to foreign actors when using NFC connections at ATMs.