Carding is a term used for the illegal practice of stealing credit or debit card information and using it to make unauthorized purchases. In recent years, the rise of online carding forum has made this type of fraud easier to commit than ever before. In this article, we’ll take a look at some of the most popular advanced carding techniques being used by criminals today.
BIN Spoofing
BIN spoofing is a technique that involves creating a fake credit or debit card with a stolen account number and then using it to make unauthorized purchases. This type of fraud is difficult to detect because the account number on the card appears to be valid. BIN spoofing can be used to make purchases online or in-person at retail stores.
To prevent BIN spoofing, businesses should use AVS (address verification system) checks when processing credit or debit card transactions. AVS checks help to ensure that the account number on the card matches the billing address for the account. If the AVS check fails, businesses should not process the transaction.
Skimming
Skimming is a type of fraud that involves using a device to capture credit or debit card information from unsuspecting victims. Skimmers are often placed on ATM machines or gas pumps, where they can capture data from cards that are swiped through them. The skimmer captures the data from the magnetic stripe on the back of the card and stores it on a small memory chip. This data can then be used to create a clone of the original card and used for fraudulent purposes.
To prevent skimming, businesses should regularly inspect their ATM machines and gas pumps for skimmers. Skimmers are usually attached to the front of the machine where they can be easily seen. If a skimmer is found, businesses should contact law enforcement immediately.
Phishing
Phishing is a type of fraud that involves sending emails or text messages that appear to be from a legitimate source (e.g., your bank) in an attempt to trick you into providing personal information such as your Social Security number or login credentials. Phishing scams are becoming increasingly sophisticated and can be difficult to spot. To avoid falling victim to a phishing scam, never click on links or open attachments from unknown sources. If you receive an email or text message that appears to be from a legitimate source, do not reply to it; instead, contact the company directly using a phone number or website address that you know is legitimate.
Carding forums are popular among criminals because they provide an easy way to commit fraud without having to physically steal credit or debit cards. By understanding some of the most popular advanced carding techniques, you can help protect yourself and your business from becoming victims of this type of fraud.
Finally, “phishing” is a technique that’s often used by criminals to steal login credentials for online accounts. This involves creating fake emails or websites that mimic legitimate ones in order to trick victims into entering their login information.
