Researchers from the University of Massachusetts Amherst revealed that expired Visa cards can be exploited for contactless payments through a technique known as 'zombification.' This method allows fraudsters to relay card data via a man-in-the-middle app, bypassing authentication checks that vary by bank. Some banks may allow these transactions, posing a risk for cardholders who discard expired cards without proper destruction.
In related news, Apple has issued a record number of spyware alerts to users globally, indicating a rise in sophisticated hacking attempts. Meanwhile, Ukraine has reportedly targeted Russian ecommerce giant Wildberries with cyberattacks amid ongoing military operations, highlighting the intersection of digital and physical warfare in the ongoing conflict.
Cardholders should shred expired Visa cards to prevent fraud via 'zombification.' As banks vary in their authentication processes, vigilance is key. Watch for updates on cybersecurity measures from banks and potential regulatory responses to this emerging threat.