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Researchers at security vendor Cleafy detailed a malware known as "SuperCard X" that uses the NFC reader on a victim’s own phone to steal credit card funds instantly.

Fraudsters are targeting high-turnover workforces and compromising accounts that are associated with frequent payouts.

Recently added artificial intelligence capabilities on the Chinese-language Darcula phishing-as-a-service platform make phishing attacks easy for even the least technical hackers.

The losses are 33% higher than the year before, with phishing leading the way as the most-reported cybercrime last year, and ransomware was the top threat to critical infrastructure, according to the FBI Internet Crime Report.