‘Tis the season for joy, cheer, and unfortunately, an increase in risks as holiday shopping hits its peak. But hold onto your shopping bags because there’s more to this story! According to a recent report, the Grinches of the cyber world are upping their game in credit card skimming. It’s like a virtual pickpocketing epidemic spreading through the digital shopping district. Let’s unwrap this alarming trend and explore ways to protect ourselves amidst the hustle and bustle of holiday shopping.
1. The Rise of Credit Card Skimming: Credit card skimming, also known as carding, has become a prevalent threat in the digital realm. Cybercriminals use various tactics to steal credit card information during online transactions, leaving both consumers and organizations vulnerable to financial losses and fraud. This report indicates a surge in this nefarious activity during the holiday season when online shopping activity reaches its peak.
2. The Mechanics of Skimming: Cybercriminals employ different techniques to carry out credit card skimming. One common method involves compromising legitimate e-commerce websites or injecting malicious code into checkout pages. This code captures sensitive payment information as customers enter it, stealthily sending it to the attackers. Additionally, criminals may create fraudulent websites or use phishing emails to trick unsuspecting victims into providing their credit card details willingly.
Now, the question begs, how can we stay one step ahead of these digital pickpockets and protect ourselves during our festive shopping sprees?
Original Article https://www.securitymagazine.com/articles/100146-the-holiday-season-sees-a-rise-in-credit-card-skimming