Card Testing & Carding Fraud SCAM - Don't Get Caught - What is Carding & Ways to prevent Carding

#cardtesting #cardingattack #cardtestingscam #cardingscam
"Carding" and card testing is a big problem, and it’s a cybercrime, and if you’re running a business, please listen to this video and pass it along to all your friends so you can be a part of preventing this elaborate scam

This video is going to shed light on what Carding is, how it ends up happening, what to look for, and things you can do as a business owner to keep it from happening. .

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   • Card Testing & Carding Fraud SCAM - D...  

"Carding" and card testing is a big problem, and it’s a cybercrime, and if you’re running a business, please listen to this video and pass it along to all your friends so you can be a part of preventing this elaborate scam

This video is going to shed light on what Carding is, how it ends up happening, what to look for, and things you can do as a business owner to keep it from happening. .

INTRO What is it?

Carding also known as Card Testing, is the process whereby scammers use stolen credit or debit card information to make unauthorized purchases or transactions attempts on otherwise legitimate ecommerce website payment pages.

The scammers steal or somehow obtain, 10’s and hundreds (probably millions of stolen credit cards) that they run through a bot enabled software, that attacks a payment pages or ecommerce website by trying to make authorization charges, or actual purchases with the stolen cards.

All in attempt to validate the cards so they can sell the lists or do whatever criminals will do with stolen cardholder data.

And all these authorization attempts happen in a relatively short period of time… like within a day, or two, depending on the severity of the attack.

And we’re talking about potentially 10,000+ transaction attempts at a time.

So if you’re running a business you could wake up one day, and if you’re a victim of a card testing attack, you’d log into your merchant account and find a crazy amount of transactions processed on your merchant account.

And that would be a problem.
Because
that just cost you a LOT of money and time, and a general headache, because you just got charged a transaction fee for all those fake transactions and authorizations and now you get to figure out how to remedy the situation.

More on that in a minute, but first

how do Carding Attacks even work?

Well, it typically involves a few conceptually simple steps :

Is the procurement of the Card Information. In short, the list!
Sammers gather cards numbers and other details from the card like cvc codes and billing zip codes and everything they are going to need to process a transaction.. Methods of obtaining these card numbers are often from large scale data breaches AND 100% illegal of course
Once the list is complete it's loaded into a bot attack software of some sort, where the software proceeds to start the card validation process and the Carding attack..
The first phase of setup is often LOW-VOLUME multiple purchase attempts with a single credit card number and perhaps rotating expiration dates. These transactions will be in small dollar amounts like $1 to $5.00. This is a testing phase that validates the payment page. So if you ever see small and strange transactions that don’t coincide with a product or service you sell, take it as a sign that your page may become the target of a larger card testing attack.
Once the payment page or website have been identified and the card numbers are loaded into the bot, the real attack begins.
The bot software bombards the payment page with thousands of purchase and authorization attempts,... just one right after the other… over and over and over again…as quickly as they can get authorizations… so they can try to get as many transactions completed as possible before someone notices. Just like the page validation phase in the previous step, these are still usually small dollar amounts like $1 to $5.00 per attempted charge, but this time it’s at a large scale of 1,000’s of transactions at a time. in attempt to get an approval code, thus confirming that they have a valid card.