Carding is credit card fraud. There are various carding programs and documents which offers information and methods how to get credit cards, how to produce fake credit card numbers, how to duplicate valid credit cards and how to use them.
One of the ways to get credit card number is via Spyware parasites that makes identity thefts and can track user’s credit card numbers if he was using online shop’s services. If this information goes to people that would use it for illegal purposes, user can loose all his money and even more. Carding’s and victims of dialers loose a lot of money.
Sometimes Even all security measures can’t help, because your credit card number can be simply generated with the program. Imagine that some guy lost his credit card and he was the client of the same bank. Carder got that number and with the help of some programs he can generate another Credit card number which accidentally can be yours. Similar numbers usually have the same expire date. When shopping in internet name and the surname of credit card sometimes is not checked, so carder can enter any name with your credit card number and get the purchase.
Even now at the year of 2005 level one of all authorisation systems doesn’t check the name, the address, the zip code and the CVV2 code of the card. Carder only needs to know the certain banks and certain series of credit cards and to generate new ones. Carder can make purchases only with generated credit card numbers, simply get instant software downloads, get the goods to the fake addresses under fake names.
Is it the same as phishing?
Phishing is is the illegal act when an email is sent to a user under the false pretence of being a legitimate enterprise such as a financial institution, service provider, or online retailer. So it’s a bit different from carding. But it’s the way to get credit’s card number. User that got e-mail, goes to the website of that financial institution and updates his private data: password, name, last name, credit card’s number, bank accounts number, etc. But both, phishing and carding are huge threats to user’s privacy.
– If you have registered on Internet, write down the web site’s URL and read carefully the terms and conditions of using that site. Try to register only with reputable and authority websites;
– If you have Internet Filtering software, block known phishing sites URLs;
– Get anti-spyware software that block known phishing e-mails and spam;
– If you shop products in local store with your credit card, always keep the receipt. Never drop the receipt to the nearest recycle bin;
– Never give anyone your credit card and pin code;
– You can contest the charge within 30 days, so be sure to check your credit card statement at least twice a month.
Is it a threat?
Phishing is getting widespread. A new Gartner Inc. study reports that phishing scams have exploded in number in the past year with a 50% increase over 2003. As many as 30 million people have been subject to phishing attacks, and 1.78 million people may have fallen victim to the online scams, which are used for identity theft. In the study, 3 percent of survey respondents reported having been drawn into a phishing scam. Gartner estimates that direct losses from identity theft fraud against these phishing attack victims cost U.S. banks and credit card issuers about 1.2 billion usd last year.
Aditionally you might look at: Database of carding parasites