Credit card dump
Credit card dump refers to data illegally copied from and active credit card. The data can be copied to another card and used by fraudster. Dump of credit card data was much easier when the magnetic strips were in use. It is more difficult to dump data from the chip. However, new proximity cards are easier to dump, even without touching them. The fraudsters can get data necessary to make transactions in real world or in the internet.
Credit card dump methods
The most popular methods are:
- skimming - putting card into illegal card reader (e.g. added to ATM),
- hacking vendor network and dealing with data from original card reader,
- using prepared radio receiver with amplifier to read proximity card.
The stolen credit card dumps are sold in the underground economy.
- Fossi, M., Johnson, E., Turner, D., Mack, T., Blackbird, J., McKinney, D., ... & Gough, J. (2008). Symantec report on the underground economy. Symantec Corporation, 51.
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