SMS Phishing + Cardless ATM = Profit
Krebs on Security
NOVEMBER 2, 2018
Thieves are combining SMS-based phishing attacks with new “cardless” ATMs to rapidly convert phished bank account credentials into cash. Recent arrests in Ohio shed light on how this scam works. A number of financial institutions are now offering cardless ATM transactions that allow customers to withdraw cash using nothing more than their mobile phones.
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