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Cybercriminals deploy various techniques to compromise digital transactions, posing risks to both consumers and businesses engaged in online commerce. This practice often involves purchasing goods, services, or even cash through online channels or point-of-sale systems. Defining Carding: Carding, also known as “credit card fraud,” refers to the act of using stolen or illegally obtained credit card information to make unauthorized transactions or purchases.
Criminals may steal physical cards, clone them, or engage in skimming, where devices capture card information from legitimate transactions. Card-Present Fraud: Card-present fraud involves the use of a physical credit card to make unauthorized transactions. This article delves into the realm of carding, shedding light on its methods, motivations, and the measures taken to combat this illicit activity. In the digital age, the term “carding” has gained notoriety as a form of cybercrime that involves unauthorized use of payment card information for financial gain.
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