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After researchers unmasked a prolific SMS scammer, a new operation has emerged in its wake
Security researchers are now sounding the alarm on a new SMS text message fraud operation, which is surging in popularity — and its ability to steal people's credit cards — since the demise of its predecessor.
By sending spam text messages that look like genuine notifications for popular services, from postal deliveries to local government programs, unsuspecting victims click a link that loads a phishing page, they enter their credit card details, and that information is swiped and used for fraud. Image Credits: via MnemonicThe researchers say Yucheng C. develops Magic Cat for his hundreds of customers, who use the software to launch their own SMS text message scam campaigns at their victims. Sand said these kits contain hundreds of phishing sites that Magic Cat used to mimic the legitimate web pages of major tech giants, popular consumer services, and delivery firms, all designed to trick victims into handing over their credit card details.
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