Case Study: My Experience With Sites

Some Information About Carding Forums

This is a kind of website that is meant to share information of the stolen credit card. Such can include the information of the credit card that has been gotten in an illegal manner and the discussion board wherein the members of the forum would share those methods and techniques to get the details of the credit card.

You should understand that carding is a term which defines credit card trafficking, bank account as well as other personal information and the fraud services. The activities in carding may also involve getting the details and techniques on how to launder money. So many carding sites are called full-service business agencies.

There are many ways to be able to get the credit card and also the associated financial and personal data. The known carding methods in the past have also included trashing for financial data, working with insiders and raiding mailboxes. Some of the bank card numbers can be generated semi-automatically based on the known sequences.

Nowadays, there are plenty of techniques which include hacking the payment processing site, skimming and also intercepting the data of the card in the POS network. Calling the hotel room phones and asking the guests to confirm the credit card details is one example of a social engineering attack vector.

After stealing the credit or debit card information by those group of people or an individual, they are still unsure if the numbers as well as identifying information would actually work if used on another transaction. The cardholder has perhaps canceled the card or the account may have insufficient funds. In these situations, the card is useless and worthless. The card thief would have to verify the card information’s validity in order to use the card for those fraudulent purchases.

You should know that the carding forums mainly focus on the ways that people are able to verify the stolen credit card information. They share ideas and methods like using the stole cards in purchasing and paying for small values first which can prevent a trigger of warning to the rightful owner of the card so that one can make transactions at the business that doesn’t automatically process the transaction of the card. Carding forums are being used by thieves who want to buy stolen card information to make purchases and by those groups who want to buy stolen credit card numbers.

By the chip and PIN credit cards as well as having countermeasures for electronic security fraud, it is now harder to use the stolen card information. Some locations are still not processing credit card or debit card transactions immediately but these are now quite rare. Many of the POS terminals would require an electronic approval response.

Those credit and debit card numbers which have been verified through the carding techniques are known as phish. Those who have stolen such would sell these information to other interested parties who want to use them in order to make fraudulent transactions.

Source: Carding Forum