Exclusive A Chinese-developed phishing kit hosted on thousands of domains and boasting 97 different brands to make criminals' scams look more believable is driving a surge in financial fraud around the globe, according to security researchers.

Since 2023, the Chinese cybercrime economy – specifically phishing websites – have seen their illicit business boom. These are the financial fraudsters that target victims via text-message phishes with lures like "your package is missing," or "you have a toll violation." Increasingly, they use iMessage and RCS instead SMS to send text messages, which means the texts can bypass SMS firewalls.

These phishing kits make it especially easy for financial fraudsters to send phishing lures in bulk, tailored to victims' specific languages and regional brand

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