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Technology

Chinese Networks Turn Scam Messages into a "Gold Mine".. One Billion Dollars from American Phones!

October 18, 202576 ViewsRead Time: 1 minutes
Chinese Networks Turn Scam Messages into a "Gold Mine".. One Billion Dollars from American Phones!
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The United States is facing an increasing wave of fraudulent text messages used to steal credit card data, with reports indicating that Chinese gangs have collected over one billion dollars through this method in the past three years.

According to the "Wall Street Journal," the messages disguise themselves as toll notifications or postal packages, directing victims to fake phishing sites to collect their financial data.

These gangs operate through organized networks using massive farms of SIM cards to send millions of messages daily, employing people within the United States to make purchases with stolen cards for small amounts.

Scammers exploit digital payment technologies via phone to create a virtual bridge between China and the United States, allowing remote purchases to be made without the need for security verification.

Americans recorded more than 330,000 fraudulent messages daily last month, indicating a rise in this phenomenon, which Washington considers a growing digital threat originating from China.
lubna-nisani
Lubna NissaniJournalist and program producer, presenter, producer, and news editor with experience in diverse media content production.

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