Chinese Cybercriminals Use Z-NFC Tool for Large-Scale Payment Fraud

Chinese cybercriminals have utilized the Z-NFC tool to perpetrate NFC payment fraud against ATMs and POS terminals, stealing money on a large scale. Resecurity (USA) investigated several incidents identified in the first quarter of 2025, resulting in several million dollars in damages to one of the leading Fortune 100 financial institutions in the United States. Stopping cybercriminals operating from China presents significant challenges.