Big money is being made through buying and selling stolen creditcard information. There’s an entire market thriving in shady chat roomson public Internet relay chat (IRC) servers. Carders vie for the bestdeals, having to wade through the thousands of lines of advertisements.Large collections of credit card numbers, identities, credit carddumps, bank account credentials and online payment accounts are amongthe many things that are traded by the minute. But it isn’t only thecarders who make money from the sale of this information.
Payment service companies make their commissions on these sales aswell. Every deal involving stolen credit card information has to bepaid for, and payment service companies provide the carders with theability to transfer their money.
But what makes any particular payment service popular amongstcarders? There are a number of factors. Firstly, anonymity isimportant. A carder wants to provide as little personal information aspossible. They don’t...
Did you ever wonder how your credit card information is bought, soldor transferred? Have you ever wondered how someone uses your creditcard information after it is stolen to commit fraud? There are a numberof ways, but the preferred method is through using dumps. A dump is afile containing the data that is stored on a credit card’s magneticstrip. Dumps are the favorite currency of credit card fraud these days.
Carders, the people who deal in stolen credit card information andlaundering, pay premium prices for dumps. Premium is around $8.00 US,while simple credit card numbers, names and expiration dates are around$1.00 – 2.00 US. Sure, having a credit card number, name and expirydate work pretty well for on-line purchases, but the difficulty is ingetting the goods. Where should they be shipped to?
Dumps, on the other hand, allow the carder to dump the data ontopretty much any magnetic card. This includes hotel room keys, discountcards, gift cards, and other credit...
