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) mechanisms, transforming […]

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