The dark web is home to illegal goods and stolen credit cards that were obtained in massive hacks.
Some, like a CVV shop sell these information in exchange for money. These websites operate to serve those who need a credit card they can use for online purchases.
Data hacks on major companies happen all the time. In some cases it’s virtually impossible to safeguard against these attacks, since most of us make purchases every day. However, there are still some measures we can take to minimize the chances of them ending up in a CVV shop.
The Connection Between CVV Shops and Data Breaches
Data hacks on major companies are profitable for hackers.
Almost every kind of information, from trade secrets to customer data can be obtained in a company’s database. Credit cards that were stored, and its cvv can be procured as well.
Cyber thieves can make a profit selling them on the black market. A ‘dump’, or a complete profile of a credit card can be sold for a sum.
These stolen credit cards make their way to a CVV shop, which serves as a storefront for those who need it. The best CVV shop will have a good number of working dumps for its customers.
Most of the cards that end up in a CVV shop end up in the hands of those who want to use it to make an online purchase. Others will create a duplicate copy so they can use it in brick and mortar shops.
How You Can Protect Your Card Account
Order a Replacement
One way to circumvent unauthorized purchases is to get a completely new card with a different expiration date and cvv code. The card number stays the same but a purchase will be rendered void when they try to use the old cvv code.
Check the Itemized Bill
Being vigilant is a great way to check and see if you’ve been the victim of credit card fraud.
Aside from the paper statements card companies send you, there’s usually one you can download and access online. Read on the items and see if there’s a charge that’s suspicious. Dispute immediately and then ask for a replacement card.
Opt for Two Factor Authentication
Fraud protection features can be useful but you don’t really need them.
Instead, set up a strong password and enable two factor authentication which allows you extra protection against possible fraudulent charges.
Two factor authentication works by sending a code to your smartphone before allowing access to your credit card account. Without the code unwanted transactions will not go through, and you’ll retain the integrity of your credit card account.
Secure Your Card Today
Cardholders are now more than ever empowered with the use of technology to protect their assets. Most of the steps above can be done quickly and over the phone or online.
Credit card companies and third parties have come up with their own form of consumer protection, including temporary card numbers and dynamic cvvs, for example. Still, it’s best to stay updated as to not fall for scams.