Credit card fraud has always been a problem for digital payments. It has become increasingly easy for criminals to obtain credit card information, either by keylogging user information or by hacking online retailers. It now appears Russian hackers have put together a compendium of sorts which allows anyone to abuse stolen credit card information with relative ease. Making card fraud easier for Russian hackers is the last thing the world needs.
Carding is a Serious Problem
It is quite remarkable to see how online crime has evolved over the past few years. Credit card fraud has always been a big problem. It appears this situation only gets worse as time goes by. The number of credit cards stolen from online retailers or through other cyber attacks has risen almost every single year. Putting a stop to the abuse of stolen card information continues to be a very steep uphill battle.
When security researchers stumbled across a six-week online course teaching Russian hackers how to card goods and services using stolen credit card information, things took a turn for the worse. This course is open to anyone as long as they speak Russian well enough to understand…