AI-Powered Balonx Sistema PhaaS Harvests Credentials From Over 1,100 Banking Users

Mexico’s financial sector is facing an industrialized phishing Balonx Sistema, a Mexico-focused Phishing-as-a-Service (PhaaS) platform that has harvested credentials and financial data from more than 1,100 banking users since at least October 2025. The service targets over 20 Mexican financial institutions and combines live phishing, Android malware, and AI-driven voice fraud in one subscription-based operation. […]

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