Online Skimming — The Emerging Payment Card Fraud
In today’s world, where data holds immense value, cyber threats are becoming increasingly prevalent. Despite many organizations enhancing their security measures to protect sensitive information, hackers still manage to exploit minor vulnerabilities, turning them into significant breaches. The Rise of Online Skimming A new form of internet card fraud, known as Online/Web-based/Digital Skimming, is on the rise. This fraudulent activity involves stealing payment data during Card-Not-Present (CNP) transactions on e-commerce sites. Reports indicate that these attacks exploit misconfigured networks and use brute force tactics. PCI SSC’s Recent Bulletin The Payment Card Industry Security Standards Council (PCI SSC) recently issued a bulletin alerting e-commerce merchants and service providers about the growing threat of online card fraud. The bulletin highlights the severity of the threat and provides guidance on preventive measures. Understanding Online Skimming Online skimming,...