Be cautious: identify carding methods
With all the busy schedules, one may not have enough time to visit the bank for each and every activity. hence, people, these days prefer doing all kind of activities online, be it updating personal details, fund transfer. using net banking or mobile banking applications. Internet banking or mobile banking can be used for a lot of activities like online money transfer, Fund transfer, pay water, phone or electricity bills, recharge your phone or other accounts, file your income tax, book online tickets or hotel rooms etc. Doing all these activities online avoids wastage of all time required to travel to each specific place and the time wasted standing in the long ques.
But this has also got many disadvantages. Fraudster’s hack other cards and use it for shopping costly items online and then sell it for others at a low price. For example, iphone carding is one of the most popular scams these days. These hackers buy phones from online sites using details acquired by carding and then sell it online for a very low price. People get attracted by this trap called iPhone carding because they just can’t control the lust of getting an iPhone on such a low price. But once they contact these sellers on social media, the hackers ask to transfer some part of the money as an advance and after receiving the amount they block the person and thus the person loses his money and gets fooled.
Buying carded phones or other gadgets is illegal and if the account holder lodges a complaint, then the person who has carded the card details will be held and all the people who deal with such frauds will also be convicted. Therefore it is suggested not to buy any such carded phones or other gadgets.
When people use their credit cards or debit cards for online transactions they should always make sure that they are using a safe website. If the website consists links that are used by hackers, these hackers get a chance to hack all vital information such as card number, CVV, password etc. and using these information’s they also try to collect personal information. All these personal and financial information will be shared in dark sites called carding forums. Carders gather such financial and personal information of thousands of people from all over the world and these stolen data will further be bundled as a Base and sold on carding site forums or darknet markets or websites which indulge in buying or selling these kinds of illegal goods. Complete personal information sold can be used for identity theft.
To conclude it is not wrong to use online banking or other online transactions, but always make sure that you are using safe sites for your purchase or any other financial transactions. Never share any confidential information like Password, card number, OTP etc. with an unknown person or third party or with frauds who call you in the name of the bank. Always learn to do all transactions on yourself instead of depending on others for online transactions. Never give authority to any third person to handle your account.