Chapter
CVV1 Hack and Credit Card Fraud
15:33 - 20:15 (04:41)
The CVV1 hack involves acquiring customer names and full track two data from the magnetic stripe on the back of credit cards, which is used by criminals to encode counterfeit cards and withdraw money from ATMs. The forum for carders had vouching systems in place, review systems, and escrow systems with the purpose to build trust among criminals who didn't know each other, but Albert Gonzalez who was hired as the techie was involved in selling stolen credit card details and the CVV1 hack.
Clips
This podcast episode explores the challenges of establishing trust on the dark web, where anonymity and criminal activities abound, and how this led to the downfall of a major credit card fraud forum.
15:33 - 18:48 (03:15)
Summary
This podcast episode explores the challenges of establishing trust on the dark web, where anonymity and criminal activities abound, and how this led to the downfall of a major credit card fraud forum.
ChapterCVV1 Hack and Credit Card Fraud
Episode#503 - Brett Johnson - The United States' Most Wanted Hacker
PodcastModern Wisdom
Credit card fraudsters need complete track two data to create and use counterfeit cards to withdraw cash.
18:48 - 20:15 (01:26)
Summary
Credit card fraudsters need complete track two data to create and use counterfeit cards to withdraw cash. The third data track, indiscriminate data, is not useful on its own but can be sold to other scammers for further exploitation.