The Polish Computer Emergency Response Team (CERT Polska) analyzed a new Android-based malware that uses NFC technology to perform unauthorized ATM cash withdrawals and drain victims’ bank accounts.
Researchers found that the malware, called NGate, lets attackers withdraw cash from ATMs (Automated Teller Machines, or cash machines) using banking data exfiltrated from victims’ phones—without ever physically stealing the cards. NFC is a wireless technology that allows devices such as smartphones, payment cards, and terminals to communicate when they’re very close together.
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Source: Malwarebytes Labs
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