Scammers Using Virtual Smartphones To Slip Past Fraud Checks

Fraudsters are increasingly using rentable “cloud phones” that look and behave like real smartphones, creating a new problem for banks, fintechs and businesses that have come to trust the device in a customer’s hand.

Now Using Cloud Phones

According to a recent report by security firm Group-IB, a growing number of scammers are no longer relying on crude emulators or racks of physical handsets to run fraud at scale. Instead, they are turning to cloud phones, effectively remote Android devices running in datacentres, which can be rented cheaply and accessed over the internet.