How do cybercriminals steal your credit card information?

To cyber-attackers and identity thieves, personal information gives them an instant access to credit card information, financial accounts and more. Due to online store, many people have their credit/debit card information stored in their devices for easy access and payment. But this exposes you to many cyber-attack risks. With knowledge of the scammer’s techniques, you can learn to protect your personal information and financial details. 

Here are some common ways cybercriminals use to steal credit card information

Phishing 

Phishing is one of the biggest threats on the internet as it is one of the most commonly used method when stealing credit card information.  Here, cybercriminals try and impersonate well-known brands or companies through emails. The criminals will get unsuspecting users to click a link or button which sends them a site that requires your account information.

Sometimes, the fraudsters will use phone numbers and text messages instead of emails to get you to hand over sensitive information like your credit card details.  In this case, avoid clicking on suspicious links sent to your email or direct message and do not give out your credit card information to anyone online. 

Website spoofing

Scammers have become increasingly accustomed to website spoofing because it is one of the easiest online scamming methods to execute and really works. Even the most common cyber criminal is able to register a website with a domain name close to that of a popular brand. They create a website very identical to the original and use phishing emails to trick unsuspecting people into revealing very sensitive information like your login credentials, security numbers and credit card information. 

Unfortunately, web spoofing can be very difficult to identify and is mostly uncovered after the scammers have already gotten access to your personal information. 

Spyware/malware 

Malware, which is short for malicious software, is a term that describes dangerous computer programs that hackers use to gain access to sensitive personal information. Typically, malware consist of coder developed by cybercriminals and attackers to cause damage to computer system and data. 

The most common type of malware is the virus. Viruses are designed to attach malicious code to clan code and once executed through an automated process the cause damage to the system’s function and can corrupt your files and lock you out. Worms are another type of malware that are designed to infect your system through network. Other forms of malware include spyware, Trojans, ransom ware crypto jacking, advertising and adware.

Cybercriminals have various ways to attach malware to a computer system. You can get malware through phishing emails, pop-up ads, clicking on suspicious links and visiting suspicious emails.  Surfing the web can be dangerous and one of the best ways to avoid malware infection is to be careful while browsing. Install anti-virus into your computer, install a VPN, only stream from illegitimate sites like the piratebay and watch out for suspicious emails and messages. 

Data breach 

Data breach occurs when a company or brand exposes protected, sensitive and confidential information to unauthorized people.  This means the files and information are shared or views without permission. Regardless of how much trusted a company is, they can fall victim to data breaches. Data breaches generally occur due to poor user behaviors on the company’s side or a general weakness in their technology or network. 

Form jacking

This is a cyber-attack where hackers put malicious code into a website. Once the code is in the system, and you enter your credit card or payment information and click on submit, the data is sent back to the hacker. They can collect personal information like your address, phone number, email address and more. The hackers then use the information to steal your identity, make financial transaction or sell it on the dark web. 

Public Wi-Fi networks

Public Wi-Fi networks could be putting your personal and credit card information at risk. This is because most public Wi-Fi is not secure. This means once you connect to an insecure network, the hackers can intercept the network and collect all data being transferred through it. So once you log into an online store while on public network, the hacker will intercept it and steal all your financial information. 

 

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