In part one of this four-part series on card cracking fraud, we covered the basics of what carding is, how carders use bots to power their attacks, and defined the most important terms and phrases within the carding vocabulary in our Carder’s Dictionary. Click here if you missed it or need a recap. In part two, we’ll be talking more specifically about the carding landscape in Russia and on Russian-speaking forums and online communities.

Ali Solehdin – Digitaltransactions.net – August 11, 2023 Instances of electronic benefits transfer (EBT) fraud have become more prevalent in the United States as criminals become more brazen and increasingly prey on society’s most vulnerable.

Carding fraud is a financially devastating attack made more damaging by bot-based automation that allows it to run at scale. Russian cybercriminals are especially prolific in the carding space. The Netacea threat research team recently conducted an in-depth investigation into this notorious carding fraud ecosystem.

In today's interconnected world, where digital transactions have become the norm, it is vital to be aware of the ever-present threat of fraud scams and take proactive measures to protect your hard-earned money. Whether it's one of the many types of cybercrimes (phishing emails, identity theft, online shopping scams, or investment fraud), fraudsters are constantly devising new ways to exploit unsuspecting individuals.

Read also: Interpol disrupts thousands of cyber networks responsible for $40M in losses, Two founders of Tornado Cash crypto mixer accused of money laundering in the US, and more.

Read also: Chinese national charged in Australia for a $100M online investment scam, Australia busts an international card skimming syndicate, and more.

New analysis of the second quarter of this year makes it clear that individuals and organizations alike are at an increasing risk of web- and email-based scams.

Once upon a time, there was a small business owner named Alice, who fought to keep her retail establishment afloat amid the stormy seas of a global pandemic. Like many other merchants, she embraced the digital revolution and moved her store online. This allowed her to reach more customers and keep her business buoyant. Her store, Alice’s Wonderland, offered a vibrant range of local handicrafts that started garnering attention on social media. It was a tale of small business success.

Call spoofing is when someone, usually a scammer or cybercriminal, disguises their caller ID information to hide who they really are. Call spoofing can also spoof the cybercriminal’s location to make it appear as if the call is coming from a specific location. With call spoofing, the caller will pretend to be someone they’re not to convince the individual to provide them with their personal information.