Credit Card Fraud: How It Happens
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Attention. Credit card fraud is easier than you think and here's exactly how people
do it. First step is skimming. Fraudsters use tiny devices at gas pumps or ATMs that steal
your card info when you swipe. They clone your card and boom, they're shopping
on your dime. Second method is phishing emails. They send fake bank alerts that look
completely real. You click the link, enter your details, and they've got everything.
Third is the dumpster dive. People literally go through trash looking for old
statements and pre-approved credit offers. One piece of paper can give them enough to open accounts
in your name. Fourth is the dark web marketplace. Stolen card numbers sell for as little
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