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How Does Someone Hack Your Credit Card?

How Does Someone Hack Your Credit Card?

How does someone hack your credit card; without leaving a digital trail? Well accept for the high-billing statements that piles up on your doorstep.

A friend once told me about his credit card experience that lead to bad debt. He said something to this effect.

The Good About A Credit Card:

Is after activation it puts immediate cash into your bank account. Which is a powerful feeling especially in the middle of the month when you budget runs low. The Bad About A Credit Card:

Is no matter how much money it offers you, it still belongs to someone else. It practically belongs to your bank and your account is just accommodating it.

The Problem:

Is when you start spending it as if it's in your debit account. You tend to lose track with the reality that you have to pay it back.

How Do Hackers Hack Your Credit Cards?

It depends on your profile, spending habits and online activities. I written an entire post on the ways how cybercriminals breach your valuable resources.

What works for one victim may not work well for another. Like an online marketer they have to merge their scamming technique with your lifestyle.

The more they know about you the better it is. Thus they look for the most suitable method to get the best out of their hacking undertaking.

How Does Someone Hack Your Credit Card?

Keep in mind that the examples below; are, merely only a few methods. This is only to give you an idea of how they may trick or deceive you.

Since online business, shopping and remote working demands are steadily increasing.

Likewise are their cunning habits evolving into more undetectable patterns.

1. Inside Person:

Large Corporation has become smarter by starting their fraud investigations internally before looking outside their organization.

Because they have come to learn that there are unfortunately a resentful loner within their team who leak private consumer details to syndicate groups.

Usually syndicate may be romantically involved with a staff member, or they may offer gifts to employees to lure them in.

That's why you will find strict policies disallowing employees from accepting gifts from customers.

Because a relationship is all it takes to expose all kinds of Company secrets to hackers or fraudsters.

How do I know if my credit card has been hacked?

Carefully investigate your credit billing account to detect any irregularities or unknown activities. Verify the times, dates and items purchased.

Seasoned criminals may use powerful scanners, credit card strip recorders, fake website that look legit and other forms of new technologies to obtain your details.

What better way is there to hack credit card details than deceiving customers by willingly typing your credit card details on a counterfeit website.

With this hacking-strategy they create a false website under a popular brand name examples such as:

  • Amazon Online Store
  • Google Adsense Discount Offer
  • Your Online Banking Platform
  • Or any other resource like: Online learning, shopping, money management, Crypto Currency, Bitcoin, etc.

Unsurprisingly the websites are designed to automatically route you to the part where you enter your financial details.

There are of course "ways to tell it is fake."

Like for instance when you try to visit other pages. You may find the page is static and is unable to click-through to other internal pages.

This makes it quite obvious that it's a one static page and the clickable buttons are simply designed to give you a false impression of the real thing.

3. Spear-Phishing:

The is one of the oldest tricks but it works so well, that they seem to get away with it even during this modern times.

This is a process where they directly or indirectly extract information from their target.

Reverse psychology is the name of the game here: They may contact to help you with a security/fraud alert, or offer something valuable, etc.

While they are the ones you should be scared off. Because in reality they create a false illusion to pull you in.

The Difference Between Spear-Phishing And Phishing:
  • Phishing: Is where they target random people on the internet, or publicly. They don't necessarily know the person or their financial standing.
  • Spear-Phishing: This is when they target a specific person, group of employees, consumers or organization. They know more in this case: How much you earn, where you live, etc.

Whenever they decide to contact you, they may also choose the most suitable method like: Telephone, email, social media and online.

They contact you and persuasively get information out of you, without you even expecting that they are untrustworthy: Learn more about How credit card scammers works.

4. Powerful Scanners:

The scanners they use are so powerful that if they stand behind you in a queue. They can literally scan your credit card in your pocket; without you even realizing.

Once you credit card is scanned it automatically transfer the amount of money they typed on their device.

Which register the amount as a purchase and directly transfer it to the mule account or parent bank account.

This money gets moved around by other mule accounts, which makes detection confusing for even the most advanced banking systems.

Is one of the easiest methods if you have a weak wifi router password or keep the same password for months without changing it.

Passwords are easily leaked through the fact that it remains the same one of an extended period of time.

That's why most company systems automatically request users to change it after every 3 weeks or else it kicks you out.

Dictionary or logical number sequences are also easily cracked by brute-force attackers.

That's why it's wiser to create stronger passwords to avoid Password-Sniffers.

6. Skimmers:

Cybercriminals will stop at nothing; they may even plant secret recording devices call skimmers: On paying devices in stores, patrol station or mobile ATM.

This devices make copies of all the credit card numbers that runs through the paying equipment.

This of course gives them a large volumes of guaranteed and vulnerable victims to work with.

7. Spyware:

A smart software that secretly watches, records and examines your online activities.

It's ideal for monitoring your employees performances and adherence to company policies.

It helps to ensure that company resources are used professionally and to boost productivity.

However if this good software lands in the wrong hands of criminals; which it did.

They use it to spy on consumers, other individuals, or organizations and gathers financial information on them (usually to gain a fraud advantage).

  • They may secretly install it on your smartphone, through some free download, App Download, etc.
  • They can also install it on your computer, or tablet. You may have one as we speak and your won't even suspect it.

How can I prevent my credit card from being hacked?

The first step in credit security is awareness of all types of threats. Be it direct, indirect through inside workers, electronically or online. Then the next step is to strictly followed security-guidelines. Like keep your PIN secret, monitoring your accounts, using online protection and secure shopping services only.

Bear in mind every smartphone app or installation on you PC has the potential to spy on your privacy.

Your safety ultimately depends on the integrity of the Brand that offers the download.

In the case of criminals they have no integrity or morals. Their ultimate goal is to spy on your online transactions.