The term ‘Carding’ refers to the use of the illicitly obtained cards that are offered by different financial institutions to drain the funds of the account holders without their due consent. It is an art or a type of fraud that requires much skill and perfection that can be gained through experience and successful fraudulence. Therefore, it becomes necessary for the ones involved in carding to have deep rooted knowledge of the terminologies and course of action. There are several reasons of carding being the most well known types of fraud in the darknet and here we are going to throw some light on the reasons.
- Plenty of card obtaining venues: There are various places on the internet such as the darknet markets and/or the websites located on the standard browsers that indulge in the sale of multi-leveled credit/debit cards. Also, the websites possess multiple URLs that redirect the end users to the same login webpage. Even there are forums of the carding
- Availability of cards at low cost: Based on the type, level, and origin of the card, the frauds can obtain a card for as low as $10 (USD)which is again dependant of the place they outsource them.
- Vulnerability of money transfer platforms to carding: Various money transfer platforms like the PayPal, Skrill, SendWave, WordRemit and Neteller are the most preferred platforms by the carders as online financial institutions incorporate them for the feasibility of the carders and the carders tend to save the card credentials that can count to carding.
Profound venues for card payment: With time more and more businesses have adopted all these payment methods for the convenience of the users and has opened routes to more users accessing them. The venues can be both authentic and unauthentic thus leading to carding and similar crimes.