Criminals exploit hacked accounts to create digital wallets

A new type of fraud has emerged where criminals transfer stolen bank cards to their own digital wallets. This allows them to make purchases online and in stores using victims' information. The scam has gained traction in the UK and North America. Fraudsters trick victims into providing bank details through fake offers, such as discounts or financial assistance. They then use a temporary password sent by the bank to set up a digital wallet with the victim's card information. Experts note that this scam has become more sophisticated, with criminals creating numerous fake websites to lure victims. They often wait weeks before using the stolen cards to avoid detection. Users are advised to be cautious with one-time passwords they receive.