Money For Nothing: How Hackers Sell Stolen Cards

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No More Dodging Authorities: Get Hackers to Buy Hacked Credit Cards
Today's world has seen the emergence of new digital methods of payment, with the demand for debit and credit cards to make payment quickly and efficiently increasing. Unfortunately, this increase in digital payment methods has also seen an increase in fraudulent activity as hackers have developed ways to steal and use these cards illegally. Those seeking to purchase stolen Visa and Mastercard debit cards, hacked PayPal accounts or cloned bank cards are frequently turning to the dark internet to make these purchases anonymously. It is here where they can find numerous sites selling these products, with bitcoin being the preferred payment method. Credit card numbers, card verification values (CVV) and ‘dumps’ - copies of magnetic stripes from compromised cards - are all available for purchase and offer cyber criminals avenues for quickly turning stolen cards into cash. Organizations need to remain alert to these activities and ensure their customers’ details are protected. The use of fraud detection software, encryption and authentication measures is a must for companies to maintain customer trust and keep their


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