Attacker then emulates the card and makes withdrawals or payments from victim’s account.

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Newly discovered Android malware steals payment card data using an infected device’s NFC reader and relays it to attackers, a novel technique that effectively clones the card so it can be used at ATMs or point-of-sale terminals, security firm ESET said.

ESET researchers have named the malware NGate because it incorporates NFCGate, an open source tool for capturing, analyzing, or altering NFC traffic. Short for Near-Field Communication, NFC is a protocol that allows two devices to wirelessly communicate over short distances.

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