After researchers unmasked a prolific SMS scammer, a new operation has emerged in its wake | TechCrunch
News Source : TechCrunch
News Summary
- Scamming software Magic Cat has netted at least 884,000 stolen credit card details during a seven-month period in 2024.
- A series of operations security mistakes ultimately led security researchers to the real-world identity of the maker of the scamming software, who researchers say goes by the handle Darcula.
- But in its wake, a new operation has emerged and is already vastly outpacing its predecessor.
- Researchers are now sounding the alarm on the new fraud operation, Magic Mouse, which rose from the ashes of Magic Cat.
- Harrison Sand, an offensive security consultant at Mnemonic, told TechCrunch that Magic Mouse is already responsible for the theft of at least 650,000 credit cards a month.
- Sand said it is the tech companies and financial giants who shoulder much of the responsibility for allowing these scams to exist and thrive, and for not making it more difficult for scammers to use stolen cards.
If you, like practically anyone else with a cell phone in the U.S. and beyond, have received a scam text message about an unpaid toll or undelivered mail item, theres a good chance you have been tar [+3812 chars]
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