Carding is the act of taking the credit card information from an unsuspecting victim and using it to either make unauthorized purchases, or to sell to other criminals who are more than willing to pay for the credit card.
This crime isn’t really new, but the way criminals commit carding has changed throughout the years as technology has introduced new ways to commit crimes.
In the past, criminals relied on the “trashing” method for carding.
This meant they would steal credit card information by looking through someone’s mail or trash can.
But today, criminals may rely on ATM credit card skimmers that can be disguised and leave card holders vulnerable to theft.
Criminals can card by hacking into banking institutions to steal clients’ data.
In some cases might even call hotel room numbers and pose as hotel employees by asking guests to “confirm” their credit card numbers.
The physical theft of a credit card would also qualify as carding.
Once your credit card information has been stolen, thieves may use the information in a number of ways.
This means you could suffer money loss or harm to your credit score.
Some may use stolen credit card numbers to buy pre-paid cards from companies that operate restaurants, retailers, gaming services, or even pre-paid credit cards.
These store-branded cards can then be sold to others on the Internet or in person then can be used by the thieves to buy particular products that can then be sold for cash.
Thieves could also steal credit card information, compile the data into a list, and then sell that stolen credit card information to third parties.
Various products promise to keep your credit card transactions secure.
Banks and online payment systems often use their own security measures, or those produced by other companies.
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