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Title: Identity Theft
Contents
Introduction    3
Carding…………………………………………………………………………………………….4
Carding Attack Process……………………………………………………………………………5
Important Point……………………………………………………………………………………5
Prevent Carding…………………………………………………………………………………...6
Task 2……………………………………………………………………………………………..7
References………………………………………………………………………………………10
Introduction
    Identity theft is defined as the illicit acquisition of personal information such as a SS number, bank account details, or credit card info. Identity thief must gain access to your private information by
eaching the law and through fraud or force. They might take this information from you either purposefully or unintentionally. When someone establishes a new credit card or other form of account in your name, this is considered identity theft. This can happen when someone uses your personal information to apply for a job, buy digital cu
ency as well as products from ecommerce, or rack up charges on existing accounts.
Identity theft is one of the most rapidly expanding crimes in the United States, with an estimated cost of $5 billion to $15 billion yearly. An estimated 15 to 20 million Americans are victims of identity theft each year. Identity theft has cost up to 3.5 million individuals money. Perpetrators may take personal information through mail or phone communications, as well as from Internet sites they stumble across while conducting personal research (such as credit cards, banks, etc.) Some criminals attempt to get personal information by contacting random phone numbers to make free calls that leave a calling card in the recipient's inbox (also known as "call harvesting"). This practice is termed unsolicited identity theft and is unlawful in the majority of states.
Carding
Carding is a means of obtaining online merchandise using forged payment methods. Carders make use of information and data obtained from others. This is significant for anybody and their money. If someone finds it in this situation, there are strict punishments in place. These crimes are handled by cyber security police departments, which are unaffected by any government in any country.
Carding is a credit card scam in which a carder steals or intentionally use your credit card information to purchase prepaid gift cards or products. After obtaining your information, thieves try modest transactions on the internet to verify the validity of your card. If they are successful, the fraudster will use your information to purchase gift cards from retailers such as Amazon or Walmart.
The entire procedure may be completed in minutes, allowing a fraudster to flee with stolen cash before you even know what has happened.
Gift and prepaid cards, unlike other types of credit card fraud, cannot be traced. So, once the fraudster has completed the transaction, they can use the gift cards to buy products or sell them for cash.
Carding Attack Process
A carding attack generally consists of the following steps:
Credit card numbers are obtained by carders through illicit marketplaces, hacked websites, or payment methods.
Carders then use bots to make modest transactions across several websites. To establish the authenticity of card data, each attempt compares a card number to a merchant's...