What is Carding?
Carding is a type of theft in which stolen or fake credit cards are used to buy things or get cash. Educate yourself on how to avoid it.
So, you’re in charge of a big eCommerce business. People like your goods, and your marketing is working because you’re getting steady sales.
Then, though, you start to see a drop in income. You read bad reviews of your website that say it’s not safe for funds. You get an email from your payment provider one day telling you that your account has been frozen because of strange behaviour.
When you find out that your company has been the target of a carding attack, your heart sinks.
what is Carding?
People commit carding fraud when they use stolen credit card numbers, stolen credit card information, or fake cards to buy things or get cash.
Carding scam attacks can happen anywhere, but they usually go after small businesses or e-commerce sites. Once the data is hacked, it can be used to buy things online without permission.
Everyone involved in remote scam is hurt, except the person who did it. Consumers, companies, and even banks can get terrible bills.
How Carding Attacks Work
There are different kinds of carding strikes, but they all work pretty much the same way:
- This person finds a website or online store that doesn’t have enough security to keep scams from happening.
- When the scammer buys things on the site, they use stolen credit cards or fake credit cards. There are times when the attacker will use a real card and then cancel the buy after it has been made. It’s called “friendly fraud.”
- If the purchase goes through, the attacker will get the goods or services that were bought with the credit card information that was stolen.
- As a result of the attack, the business owner has to deal with a refund from the credit card companies as well as any fees related to the theft.
How Do Cybercriminals Get Access to Card Information?
Carding attacks and credit card fraud look a lot like real transactions, so it’s important for businesses to have strong fraud prevention measures in place. For example, they could require CVV codes for online sales or use a service that looks for fraud.
Bad people can get to your customers’ banking information in a lot of different ways. These thieves, who are called “carders,” usually do things in a few different ways.
Data Breaches
People who steal credit card information often do so through data leaks. Criminals can either buy stolen credit card information on the black market or break into a company’s systems and find it themselves.
You’ll be shocked at how much credit card data is sold on the black market. Cybercriminals also use the weak spots in websites to their advantage. A cybercriminal might be able to add harmful code to a website that hasn’t been properly protected so that it can steal credit card information from users.
Dumpster Diving
Criminals often get credit card information by going through dumpsters. They look through trash cans to find credit card bills or papers that have credit card numbers on them that have been thrown away. They can use a credit card number to buy things they shouldn’t once they get their hands on it.