As China moves to payment cards, cybercriminals follow

As China increasingly embraces payment cards over cash, Trend Micro is seeing an uptick in cybercriminal activity aimed at card fraud.

The security company published a new study of the Chinese underground cybercriminal market, which shows a strong interest in ways to capture payment card details.

“Cybercriminals quickly jumped on the noncash payment bandwagon,” wrote report author Lion Gu of Trend Micro’s Forward-Looking Threat Research Team.

The market for such tools has been strong in countries that heavily use payment cards, so it’s probably not surprising that the trade would rise in China.

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