These days stealing personal information over the internet has also become a big business. It sometimes happens through the credit card details which are particularly successful. There are well known incidents, which cannot be said of the underground market where credit cards are traded. In order to save yourself from such frauds you can visit CVV shop.
The US Department of Justice conducted extensive investigations into credit card theft and security incidents and summarized its conclusions in the report” Data Breaches: What the Underground World of Carding Reveals “. A very interesting document of which we summarize a number of key points.
Dumping and hacking
Carders obtain their coveted data in two ways. The first is to buy it from hackers who steal it from companies with a lot of data. Think of financial institutions, merchants, credit card providers and transaction processors. In this case, it often involves millions of data. The second way is to use phishing attacks. Carding forums provide phishing guides and toolkits for setting up phishing sites.
Once enough data has been collected, it is time to misuse the data. This can be done, for example, via “card not present” transactions, where online shopping is done with the stolen credit card. To combat this form of fraud, the credit card companies introduced the CVV2 code, which is on the back of the card. Since this code is required for many transactions, dumps with CVV2 codes are worth more.
Carders who cash in on stolen credit cards online sometimes also engage in “carding to a drop”. In these cases, goods are bought online that are delivered to other locations, for example from a cat catcher, who then forwards the goods.
Credit card fraud only becomes real in the case of “change of billing” (COB), a form of service where the carder has sufficient information about the victim to have his or her billing address changed to the address where the goods are delivered. Since many stores only deliver products to locations where the billing address is the same as the delivery address, COB services increase the likelihood that a stolen credit card account will not be declined.
Another way to misuse stolen credit card information is “in-store carding”, which involves using a fake card containing stolen credit card information. Because the carder has to visit the shop, these forms of carding are a lot more risky. This does not apply to the technical version, because blank cards and devices for writing cards are readily available. This makes it easy to transfer the stolen dump to the empty card, after which you can go shopping.
The third form that carders use is ‘cashing’. This involves withdrawing money via a credit card, which is only possible if the dump also contains the victim’s PIN code. Finally, some carders engage in “gift card vending”, buying gift certificates from shops that are then resold at a reduced rate.
In addition to criminals, drug addicts and terrorists are also involved in stealing personal data, according to the US government. There have been cases of addicts trying to steal credit card information through phishing attacks. As for the terrorists, carding can help finance their activities.