Hackers exploit NFC technology to steal money from ATMs and POS terminals

In a disturbing trend, cybercriminals, predominantly from Chinese underground networks, are exploiting Near Field Communication (NFC) technology to perpetrate large-scale fraud at ATMs and Point-of-Sale (POS) terminals.

According to cyber threat intelligence analysts at Resecurity, numerous banks, FinTech companies, and credit unions have reported a surge in NFC-related fraud in Q1 2025, with damages exceeding millions of dollars for a top Fortune 100 financial institution in the United States.

These attackers demonstrate remarkable adaptability, crafting sophisticated tools to manipulate NFC systems for unauthorized transactions, targeting regions including the U.S., UK, EU, Australia, Canada, Japan, and the UAE.

Read more at GB Hackers