<ul><li>Chinese cybercriminals have released a tool called Z-NFC for conducting payment fraud using NFC technology.</li><li>Multiple Chinese cybercriminal groups have been targeting Google and Apple Wallet customers, abusing contactless payments and NFC technology.</li><li>The Z-NFC tool is being sold on Telegram and facilitates fraudulent transactions using Android-based phones and mobile wallets.</li><li>Cybercriminals exploit the lack of Cardholder Verification Method (CVM) for low-value contactless payments, enabling multiple small transactions with compromised cards.</li></ul>

Chinese Cybercriminals Released Z-NFC Tool for Payment Fraud

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