CrowdStrike Counter Adversary Operations monitors for and attempts to disrupt eCrime threat actors across a broad spectrum of malicious activity, ranging from sophisticated ransomware campaigns to simpler but often highly effective forms of fraud.
This is part three in our four-part series on credit card fraud, specifically focusing on the Russian carding landscape. In part one, we gave an overview of carding as an attack type and drilled into some key terms from the Carder’s Dictionary. In part two, we looked more closely at the motivations behind Russia being a hotbed of carding activity.
The US Cybersecurity and Infrastructure Security Agency (CISA) has warned that scammers are exploiting the recent hurricanes that have hit the US. Criminals frequently impersonate charities and related organizations following natural disasters.
In bustling metropolises and rural communities alike, changes in the world of payments are forcing businesses to move at the speed of light. Whether you operate your business from a towering skyscraper or a busy village market, you must deal with dynamic evolutions in digital payments. From instant payments to super apps to embedded finance, businesses are embracing new ways to separate consumers from their money safely.
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.
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.
