Carding ecosystem: The fall of traditional financial cybercrime
Carding is a type of cybercrime where attackers steal or illegally buy credit card information and use it to make unauthorized transactions. It often involves testing stolen card numbers with small purchases before making larger fraudulent charges. Criminals typically exchange or sell these stolen details on underground forums or dark web marketplaces. Outpost24’s Threat Intelligence team, KrakenLabs, carried out a previous public analysis of the underground card fraud ecosystem in 2022.