Summary

  • Chinese nationals have been arrested in the US for using custom Android apps to commit a kind of tap-to-pay fraud.
  • The suspects purchased gift cards worth tens of thousands of dollars using mobile wallets created via phishing scams.
  • The fraud entails utilising Android phones to transmit Apple Pay transactions, with the transactions relayed from mobile devices located in China.
  • The arrests were made in Knoxville, Tennessee, and the scheme involved using multiple transactions to buy various gift cards.
  • Gift cards worth over $23,000 were recovered, all of which were purchased with victims’ personal information.
  • It is believed the arrests are the first for this type of novel fraud.

By BrianKrebs

Original Article