5 Ways Cheats Steal Credit Card Information
Fraudsters only need a few minutes to get hold of your credit card information. The ways that deceivers users do not have to be complicated. Many are easier than you think.
Here’s how the police tip about the first step to protect yourself from fraud:
According to the police, there are several ways for you as a card holder to avoid being affected by card fraud. Regarding the new type of possible skimming vis-à-vis the contactless bank cards, there are products to buy. The products are usually designed as a wallet or card holder and consist of some type of metal. The metal protects your card against any signals sent to read your card. There are also other types of protection such as “protection card” – a card that you place next to your bank card in your wallet and that is used to disrupt any skimming equipment.
Here are the 5 most common tricks fraudsters use when stealing your credit or debit card information.
1. The restaurant trick
Here’s how it works: A waitress brings your credit card and pulls it into the restaurant’s credit card terminal. Then she pulls out a skimmer, a unit no larger than an ice cube, and pulls your card through it.
So while you were good at scraping the last of the chocolate frosting off your plate, your credit card information was stolen. And you could remember afterwards how the waitress returned your card with a smile.
2. Cheated and distracted
Here’s how it works: Rina, Sunny and Gord go into a toy store. Rina and Sunny walk around among the shelves, while Gord stands in the checkout queue. When Gord reaches the cashier, Sunny runs towards the cashier and shouts that his wife has fainted.
While Rina and Sunny distract the cashier, Gord replaces the card reader at the cashier with his own modified card reader.
The cashier then unknowingly collects credit card data using the modified card reader. At a later date, the trio returns, takes back their own card reader and replaces the old card reader.
This trio will definitely visit other shops and restaurants. Sometimes fraudsters work in pairs or alone.
Did you know that…
Skimming means that fraudsters copy information found on the magnetic strip on a debit, credit or bank card. With that information, they create a new card which they then use to pay in your name. The code is captured by hidden cameras in close proximity to the payment terminal or ATM.
Skimming can be done in all places where you can use cards and where it is possible to read the magnetic strip on the card. Therefore, it is important that you hide your code by holding your hand over the keypad. Where only the chip is used, that is, where half the card is inserted into a payment terminal, skimming cannot be carried out because the magnetic track cannot be read. Most terminals in Europe are currently chip-based, but even the rest of the world is about to switch to such terminals. However, it is not as fast everywhere.
3. The petrol scam
Here’s how it works: The fraudster parks his car on a drive along the highway. It is late and no one is there except a tired person behind the checkout. The scammer attaches a skimmer to the card reader next to the pump, which sends a Bluetooth signal to a nearby laptop.
The fraudster then pays for his gasoline and then starts using his laptop to collect data from the modified pump from a nearby location.
The fraudster installs skimmers on ATMs, ATMs, ATMs and all other places where there are unmanned card readers.
4. The master of the malicious programs
Here’s how it works: Harry installs malicious software, a type of software that damages or infiltrates a computer or network, on a very common site that happens to have a low level of security. The malicious software installs on your computer when you visit the site, giving Harry access to the information on your credit card.
In another scenario, Harry installs malicious software on publicly available computers and collects the information you share with such computers.
Philipp uses malicious software to access your laptop or tablet. He sends e-mails with attachments that promise dancing cats or any other lure.
When users open the attachment, malicious software is downloaded to the computer and makes sensitive information accessible.
Philipp also sends emails from a well-known sender with a link to an infected website that installs malicious software on your computer. Once the software is installed, Philipp can access the information to your credit card.
5. Discounted data
Here’s how it works: If your credit card falls into the hands of a criminal, the risk is that the information will be resold.
The person who purchases the information confirms it and then resells it to someone who creates a fake credit card with your information. The manufacturer of the card then sells it to other criminals who buy goods such as stereos or scuffles just like ordinary consumers.