Credit Card Hacker 's And Skimmer 's Modern Day Technology

Have you ever wondered heard about "identity theft"? Well, the video describes how people's credit cards' numbers are being stolen by identity thieves using various methods, such as "Skimming". In this method, the thief swipes the credit card through a small electronic device. In fact, this method can happen anywhere like in gas stations and restaurants.

An unauthorized and highly sophisticated malware that not been encountered previously by any security company attacked the point-of-sale systems where all the card information is stored. The outcome of this hacking been extensive and affected millions of customer’s personal and payment data was exposed, results in the payment card compromise of three million customers.

Redesigning of these cards is a part of the Next Generation Secure Identification Document Project. The new cards will have fraud resistant security features and enhanced graphics. These new features will make the cards highly secure and tamper-resistant.

attackers were able to steal the payment card data, were the same methods used in the

Card Skimming: it is when your card number is captured when using Automated Teller Machine (ATM). The Skimming devise is attached to the ATM’s card slot; it is so thin that it is almost invisible. A tiny camera is also attached to the ATM to capture your PIN. These two pieces of information are later used to reproduce a fake card to withdraw cash. These Skimming devises are also used to obtain your credit card information to purchase expensive items online and by phone.

This business is aimed at finding new solutions for the card swapping and pursuing the planning for less risk of the PIN code theft. The Card owner will issue the Thumb Scanner code at the start of the working. Four various market segments have been identified by Smarthumb as they will be more interested in the smarthumb (Kale & Nanda, 2014b). These are the most important segments of markets including,

When a credit card is presented for payment of goods or services, the merchant swipes the card through their credit card terminal and here's what happens next....all in a matter of seconds:

For an extended period extending towards the end of 2014 until now, incidences of cyber security attacks on financial institutions have not only grown in number but also become sophisticated (Global banking and payment systems Practice, 2015). Lately, the criminals try to match the new security control measures with advanced security breach mechanisms and software. These criminals are known to introduce hybrid systems or devices like the variant DDOS (Distributed Denial of Service), which renders a system useless for some period. Others have referred to traditional means such as spoofing, which makes an organization 's email address vulnerable by creating traffic on it after that the hacker retrieves some vital information (Serb e al, 2014). But even with that, it leaves many to think of the necessary measures to put in place, to avert this global paradox. Consequently, for the many incidences reported and the enormous sums of money looted, not to mention the data breaches, there remains one question that never seems to escape the minds of the stakeholders and victims of these gangs’ internet attacks. The question revolves around the reason as to why these incidences seem to be on the rise and not very many culprits are being reprimanded for their heinous acts. In other words, are there real causes of these issues or it is a matter of inside jobs as many testimonies have revealed after the culprits are snubbed in the act of trying to loot from financial institutions.

Computer crime which can be also referred to as a cybercrime, e – crime or a hi-tech crime. Computer crime can be termed as an event which is dome by a computer user who is sometimes referred to as a hacker. The hacker is mainly involved in some sort of activity which can be termed as an illogical activity by means of which browsing or stealing the information of the private company or individual are obtained with the intention of personal benefits which can be obtained from the prospective of the hacker (Ezeano et al., 2017). In some cases, it can be seen that the group of people or individual may be malicious and destroy or to be precise corrupt the computer and the files which are stored in the system. There is different type of crimes which are performed on a variety of platform which impact a varied sectors and a varied audience. The main way to conduct the crime is the use of a network and a computer system. In some cases, it has been noted that the use of computers has been used to commit the crime, and on other cases it is seen that the main target of the attack is the computer of the user (Mazurczyk, Holt & Szczypiorski, 2016).

Magnetic access control card security systems use smart cards which are small plastic cards made out of Polyvinyl Chloride incorporating one or more integrated circuits within its thickness to store and transact data (Hendry, 2007). Types of smart cards include Subscriber Identity Modules (SIM) cards, magnetic

It is an advanced version of identity theft.frauders copy the information from magnetic strip and the back of your plastic without interfering with the legitimate payment transaction.

Credit Cards have become an everyday financial tool for us here in the US and around the owrld. This simple plastic card comes with it a host of benefits, rewards, and dangers.

The TTC Smartcard System that was characterized with the end goal of evaluation for this investigation can be for the most part called an all smartcard toll gathering framework. This implies no other

A smart card is a card generally made of plastic same like a credit or debit one .It consists of a integrated microprocessor and a memory. Two ways of it exchanging data with the outside world are via contact cards and via contactless cards that use radio frequency. To interchange information the card is to be put in a reader (contact cards) or kept in the connection area of a contactless reader. Smart cards do not require batteries or any power supply .Power is provided by the reader. It is necessary for a card to have a certain microprocessor or logic for it to be called a smart card. Security and mobility are the two main features of a smart card. The applications that are linked to a smart card system have the major requirement of

When using mobile devices as a form of payment, as stated before the merchant doesn’t see the actual credit card information of a consumer, but someone does; Visa and Mastercard are the main companies that serve as middlemen between the consumer and the merchant when mobile payment transactions are being made. One of mobile payment security’s biggest concerns is who has access to cardholder information, and how can the people responsible for protecting the information know who else could possibly have access. There has been no evidence of