What is a Credit Card Dump?7629316

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A credit card dump is an unauthorized digital copy of the info contained in the magnetic strip of an active credit card, such as the card quantity and expiration date. The information can then be used to produce a fake credit card to make purchases. "Credit card dump" is yet another term initially used underground that has discovered its way into wider public awareness because of the growing prevalence of credit card forgeries, identity theft, and other types of cybercrime. How a Credit Card Dump Works

Credit card dumps can be obtained in a quantity of ways. A typical technique used by criminals is skimming, in which an unlawful card reader, occasionally hidden in a legitimate automated teller machine (ATM) or gasoline station pump, copies the data from a credit card. Other techniques consist of hacking into a retailer's network or using malware to infect point-of-sale gadgets at a retailer, allowing criminals to accessibility the information. Regardless of security chips and other advanced measures to protect credit and debit cards, hackers continue to discover new ways to exploit any weaknesses in electronic financial transactions.

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