The carding industry, once dominated by Russia-based hackers, has seen a resurgence thanks to innovation from Chinese cybercrime groups. These groups have developed methods to turn phished card data into mobile wallets, allowing for online and offline transactions. The shift reflects the evolving nature of cybercrime and the need for increased international cooperation to combat organized crime. As secure chip-based payment cards continue to reduce the demand for stolen data, these groups are adapting to new opportunities. Individuals must remain vigilant and take steps to protect themselves from such tactics, while governments and law enforcement must address the issue.
Key Points
The shift in carding operations from Russia to China highlights the evolving nature of cybercrime landscapes. What role do you think social media and online forums play in facilitating these activities?r
The use of mobile wallets to utilize phished card data raises concerns about the blurring of lines between online and offline payment systems. How can individuals protect themselves from such tactics?r
The increasing involvement of Chinese cybercrime groups in the carding industry underscores the need for international cooperation to combat organized crime. What strategies do you think would be effective in addressing this issue?
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Original Article
Carding -- the underground business of stealing, selling and swiping stolen payment card data -- has long been the dominion of Russia-based hackers. Happily, the broad deployment of more secure chip-based payment cards in the United States has weakened the carding market. But a flurry of innovation from cybercrime groups in China is breathing new life into the carding industry, by turning phished card data into mobile wallets that can be used online and at main street stores.
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