- Application Security and Fraud Prevention
- Advertising and Marketing Security
- New York City
- Washington DC
In payment fraud attacks, cybercriminals use sophisticated bots and lists of stolen credit card details on e-commerce sites to buy goods to then sell for a profit. Carding attacks focus on abusing the checkout page with stolen credit card information.
Criminals buy the lists of stolen credit card numbers, including security data such as CVV values, on criminal marketplaces. They then initiate bot attacks to test their cards by attempting small purchases to build a list of valid cards. When they’ve proven the card details are valid, the fraudsters will deploy sophisticated bots to use the verified card details to make e-commerce purchases, steal from accounts, and buy gift cards.
Gift cards are then sold at discounted prices or used to buy premium items like phones, televisions, and computers that can easily be sold on auction sites.