Beware of the Latest Kind of Credit Card Fraud

Gone are the days when hackers used to toil around for your account number. Nowadays, the crime has evolved a step further with hackers taking over an account totally. As per the research done by top finance companies in Delhi, this type of an act is possible only when cyber criminal gains unauthorized access to an online account.

As a matter of fact, account takeover is the latest credit card fraud and the most common method of such a process begins with obtaining a list of user names and passwords.  

Technique Involved:

When investors interact with registered finance companies in Delhi, they often share their concern about the different aspects of money safety. Fraudsters adopt a variety of techniques to obtain the personal and financial information typically required to take control of an account.

As the first step, a hacker obtains data about a user so that he/she can impersonate the user and gain access to the user’s profiles or other restricted areas of the Internet. “FULLZ” is the term used by hackers and data resellers for all the vital information of an individual that may include a person’s name, Social Security Number, date of birth, account numbers and other data.

So, credit card fraud is a passé. With the artistry of fraudsters improving day by day and the attempts to commit the crime on a rise, the techniques are getting more surprising and sophisticated. Just like a virus reacts to vaccine, hackers are developing new ways to access the accounts as the old methods become ineffective. Shifting tactics is just one way by which hackers have become more sophisticated in their efforts to stay ahead of detection scanning.

Fraudsters are moving beyond payment card details, and are instead targeting data such as Social Security numbers, addresses and bank account information.

So, finance companies in Delhi have started special care in the transaction of the money of their in-house account as well as the client’s account. Don’t let these fraudsters rip you off your hard earned money while you sleep peacefully in your abode. Rise, scan and exchange your personal information with utmost care!