Carding is a form of credit card fraud in which a stolen credit card is used to charge prepaid cards or purchase gift cards. Carding typically involves the holder of the stolen card or card information purchasing store-branded gift cards, which can then be sold to others or used to purchase other goods that can be sold for cash. Credit card thieves who are involved in this type of fraud are called “carders.”
The United States is a significant target for credit card fraud because it is a large market in which credit card and debit card use is common, and because the types of cards that are used in the United States either contain only a magnetic stripe or employ a chip and signature technology, rather than the chip and personal identification number (PIN) technology found in most of Europe.
- Carding is a form of credit card fraud in which a stolen credit card is used to charge prepaid cards.
- Card forums are online shopping venues for stolen credit and debit card information and criminal techniques.
- Carding is a third-party attack on an individual's financial information.
- Card forums are online shopping venues for stolen credit and debit card information and criminal techniques.
- Newer technologies like CVVs, CAPTCHA, and multifactor authentication have been effective against carders.
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