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What Does Carding Mean and What Methods Does It Have: How to Do Carding

Carding Methods

What does carding mean? This is a special term that means credit card fraud. How is this possible? Illegally obtained credit card numbers or a stolen card may be used during purchases. However, to cover their tracks, most often these are gift card payment transactions. This type of fraud also includes various methods of money laundering and the use of personal data. This is a fairly common type of fraud in the United States and Europe. Therefore, we are obliged to tell our readers more about it.

What Is Carding?

Carding, as a form of fraud, is associated with the withdrawal of funds from prepaid cards. Let us explain this to you in simple terms. If your card details were stolen or lost and you did not have time to inform the bank about it, then the fraudster can buy any gift card of a well-known brand and then withdraw money from it. This greatly complicates the search for a fraudster. After all, it is not so easy to track where and how the money was withdrawn, but according to the documents, it was you who bought the card itself. In the United States, the gift card system is popular, so it is not surprising that this is where most of these crimes are committed. However, it should be admitted that the Russian carding forums began to actively attack the credit cards of American citizens. The reason is not personal animosity, but the absence of an extradition treaty between countries. Europe has also been hit.

How to Do Carding?

How to Do Carding?

Before explaining the carding process itself, you need to know what is a carder, right? This is a person who illegally gains access to your personal data, including credit cards. After receiving them, they can sell this information to a third party who uses it to buy gift cards. Many financial institutions and banks have a system of protection against such situations, for example, card cancellation. However, most often this happens after making at least one purchase. Usually, a fraudster buys expensive equipment that can be resold if the money has not been withdrawn. Amazon is a favorite place to do similar purchases. Since this platform can use a third party to get an item. While trying to understand the specifics of this scam, you may also hear the term Dumps. So what are credit card dumps? It is a crime when physical or electronic theft of credit cards occurs. Let us give you a few examples. In 2019, Canva was hacked and the identity of over 100 million users was stolen, including first and last name, email address, and credit information. Even the more famous Adobe platform has been a victim of the attack, as have its users. The company was forced to pay about a million US dollars to the victims.

Carding Methods

There are different ways to steal data, and we have already discussed some of them with our regular readers.

  • Malware runs in the background and records all your keystrokes, monitors the programs you use, and collects credit card numbers and account passwords.
  • Phishing occurs through email, phone calls, text messages, direct messages on social media, and postal mail. The scammers are pretending to be your mobile operator so that you were able to trust him and get your personal information.
  • Carder sites. The principle is the same as with simple forums. The difference is that they don’t get cooking advice, but they sell credit card details and share theft methods. They are hidden on the dark web and are inaccessible to search engines.
  • The credit card skimmer comes with a small, hard-to-find device. A fraudster can install it on any device where a card is inserted for payment, for example, at a gas station. All data would be copied to the device and you would not even know about it.

What Does Being Carded Mean?

What Does Being Carded Mean?

If your credit card details were used by fraudsters, then you need to immediately contact the bank and block it. This would help stop the attack. Be sure to read our article on preventing credit card fraud. The protection algorithm is the same. Is carding a cybercrime? Yes, so contact the police as well.

There is always a risk of becoming a victim of fraud, so stay alert and read our blog. See you soon!

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Author of article

Arthur Specter

Interests: accounting, literature, banking, jurisprudence

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