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Credit Card Dump

What Is a Credit Card Dump?


A credit card dump is a type of crime in which the criminal makes an unauthorized digital copy of a credit card. This type of crime has existed for decades, but it has seen wider public awareness in recent years due to the rising prevalence of credit card forgeries, identity theft, and other types of cybercrime.


KEY TAKEAWAYS

  • A credit card dump is a type of crime in which credit card information is stolen from customers and made available to potential buyers.

  • Thieves do so either by physically copying data from the card or by hacking the payments network of the companies in question.

  • In recent years, criminals have undertaken increasingly large scale credit card dump attacks, sometimes with millions of victims.

How Credit Card Dumps Work There are many ways in which a credit card dump might occur buy on dumps shop. One common method is skimming, in which an illegal card Reader, sometimes hidden in a legitimate automated teller machine (ATM) or gas station pump, copies the data from a credit card. In other cases, cybercriminals are able to obtain a large number of card numbers at once, by compromising the computer systems of companies handling customer credit card information. For example, criminals might access thousands of retail customers’ credit card numbers by infecting the point-of-sale (POS) devices of a large retail chain. Although measures such as personal information numbers (PINs) and security chips can help make this theft more difficult, hackers nonetheless continue to find new ways to exploit weaknesses in the electronic payments system in order to capture valuable credit card information. To profit from this theft, cybercriminals resell the credit card information on the black market. Alternatively, hackers could also use the information themselves in order to make unauthorized online purchases using stolen credit cards.

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