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Credit Card Cloning : Cloned Credit Cards is a type of Cloned card theft in which the thief makes a digital copy of the credit card cloning information using a concealed or disguised electronic scanner. All Payment done via Bitcoin . If you don’t know how to pay . ask customer service by email or on the chart bellow . $400 cloned card will cash out $4500
Cloned Credit Cards is a type of Cloned card theft in which the thief makes a digital copy of the credit card cloning information using a concealed or disguised electronic scanner.
What Is Credit Card Cloning?
Credit card cloning refers to making an unauthorized copy of a credit card. This practice is also sometimes called skimming. Thieves copy information at a credit card terminal using an electronic device and transfer the data from the stolen card to a new card 89N3PDyZzakoH7W6n8ZrjGDDktjh8iWFG6eKRvi3kvpQrewrite an existing card with the information.
Unfortunately, cloning and related forms of theft have become increasingly widespread in recent decades. Thankfully, security improvements—such as the use of personal identification numbers (PINs) and chip cards—have helped to protect against these types of attacks.
- Cloning is a type of credit card theft in which the thief makes a digital copy of the credit card information using a concealed or disguised electronic scanner.
- Security improvements—such as the use of chip cards—have helped disrupt this type of theft.
- Successful thieves can sell the cloned information on the underground market, or download it onto other credit cards in order to make unauthorized purchases.
How Credit Card Cloning Works
From the perspective of the thieves, cloning can be a very effective way to obtain credit card information, because it does not require the physical 89N3PDyZzakoH7W6n8ZrjGDDktjh8iWFG6eKRvi3kvpQcard to be stolen. Instead, they simply use an electronic device to covertly scan the card’s information and copy it into the device’s memory. The thieves can then access that information digitally, or else download the information onto a separate credit card that is already in their possession.1
Once the information is recorded it can be transferred onto the magnetic strip of a new card or can be used to overwrite data on an already stolen credit card. For cards that use a personal identification number (PIN) number in addition to a magnetic strip, such as debit cards, the PIN would need to be observed and recorded. This is sometimes difficult to accomplish, adding additional protection against having your card compromised.1
Of course, modern security enhancements have made it more difficult for would-be thieves to carry out cloning. Modern chip cards—which have embedded microchips that contain their sensitive information—are much harder to compromise because the data they contain is encrypted within the chip itself. This means that even if the thieves successfully access the chip card, they would not be able to use the information they stole. But even this type of technology isn’t foolproof.2
Still, older models of credit cards that only have magnetic stripes make for much easier targets.
In recent years thieves have figured out how to target chip cards through a practice called shimming. Fraudsters insert a paper-thin device, known as a shim, into a card reader slot that copies the information on a chip card.3
Example of Cloning
A popular method that thieves use is installing hidden scanners onto legitimate card-reading devices such as gas station pumps, automated teller machines (ATMs), or the point-of-sale (POS) machines common in most retail stores.1
What makes these attacks particularly insidious is that they do not require the cooperation of the personnel working at those stores. Instead, those orchestrating the attack can simply collect data on an ongoing basis from the hidden scanners, without the customers, employees, or business owners being aware of the source of the breach.
How to Protect Yourself Against Credit Card Cloning
You can defend against credit card cloning by taking the following precautions:
Inspect any card reader you use
Take a moment to inspect the card reader. If something looks suspicious, don’t use it. For example, some skimming devices can be bulky.1
Monitor your credit card account
Monitor your accounts for fraud. Check your balance and recent transactions online often, even daily.
Sign up for alerts with your bank or card issuer. Your bank will then contact you by email or text message when certain activity occurs on your accounts, such as a withdrawal or charge exceeding an amount you specify.
Stick to bank ATMs
Only use ATMs that are associated with a bank. Avoid potential “skimming” locations such as gas stations and deli kiosks.
Use a chip reader
Always use a chip reader rather than swiping your card. While cloning is still possible with a chip card, it is less likely to occur.
Opt for contactless payment
If your credit or debit cards have a contactless payment feature, use it instead of inserting your card into a terminal.
Chip cards are also known as EMV cards—short for Europay, MasterCard, and Visa. These three companies collaborated to produce a global protocol for credit card security that is widely used today.
What to Do When Your Credit Card Is Cloned
If you believe your card has been cloned, your credit card company or bank should be the first call you make. The more quickly you cancel the card, the less time thieves have to rack up charges.
How Card Cloning Fraud Works
Most credit card cloning fraud is done through the use of skimmers. Skimmers read credit card information such as numbers, PINs, CVV data through the magnetic stripe, and can be attached to hardware such as point of sale (POS) terminals, or ATMs, allowing them to steal whoever uses that hardware’s information.
Criminals can also create a faux keypad on POS terminals or ATMs that allow them to steal PIN information.
Once the information is stolen, the criminal can then make a physical credit card linked to another person’s money. The original cardholder may not even realize that this has happened, however, it is possible to tell by looking at their financial statements, bank accounts, or by seeing if their credit score has changed.
Due to all of the contactless scanning technology, it is now possible for criminals to steal card information just by having a concealed scanner on them while walking down the street, allowing them to steal the card information of anyone who is close enough in proximity to them.
How Financial Institutions Can Combat Credit Card Cloning Fraud
There are a number of ways to prevent credit card cloning from happening and mitigating it’s impact. We cover the top methods below:
Implementation of EMV Chips
The implementation of Europay, Mastercard, and Visa (EVM) chips has been one of the biggest advancements in the fight against card cloning since they are safer alternatives to magnetic stripes. They use payment information that is encrypted to make it exceptionally difficult for criminals to clone cards, but EVM chips still have their vulnerabilities.
Even if their cards have EVM, people are more likely to use the magnetic stripe at POS terminals due to the familiarity allowing their credit card information to potentially be stolen. Also, a recent study from a security firm stated that cybercriminals have found a method to make purchases with a magnetic stripe card using data that was meant for EVM chips.
This gives insight to the upsetting reality that is: it is almost impossible to get criminals to stop cloning cards because they will always try and find a workaround.
Building Customer Profiles
Using a cardholder’s data profiles to understand how they usually behave is the most successful way to prevent card cloning fraud. Based on the location of the cardholder, how they used the card (magnetic stripe or EVM), the quantity or frequency of purchases or transactions, and the time of purchase, banks or merchants can determine if a cloned card is potentially being used. Customer profiles can also give information about the regularity or speed of payments between locations, meaning that it could be a red flag that a cloned card is being used in several locations by a criminal.
Physical Infrastructure Review
Merchants and Banks should review their physical infrastructure to see if there is any place that may be susceptible to criminal attack, including ATMs and POS terminals. This also makes it a lot more challenging for criminals to clone cards.
For example, making sure that POS terminals are all EMV compliant as well as helping customers purchase things in a more secure manner are a few ways Merchants can help make it more challenging for criminals to clone cards.
Despite possibly being impossible to end card cloning, the combination of customer profile data, securing physical infrastructure as well as EMV chips can help banks and merchants be more confident that the cards that are being used aren’t cloned cards, but instead, are the actual, legitimate, ones.
If you are interested in learning more about how Unit21 can help you protect your company from credit card cloning fraud, schedule a meeting today.
What Is Card Cloning?
Credit card cloning or skimming is the illegal act of making unauthorized copies of credit or debit cards.
This enables criminals to use them for payments, effectively stealing the cardholder’s money and/or putting the cardholder in debt.
To do this, thieves use special equipment, sometimes combined with simple social engineering. Card cloning has historically been one of the most common card-related types of fraud worldwide, to which USD 28.65bn is lost worldwide each year – projected to increase to USD 38.50bn by 2023, according to Nilson Report.
How Does Card Cloning Work?
Card cloning is a fairly elaborate criminal scheme. More specifically:
- An accomplice is recruited – someone with physical access to credit cards e.g. a cashier, restaurant server etc.
- They are given a skimmer – a compact machine used to capture card details. This can be a separate machine or an add-on to the card reader.
- The customer hands their card to the accomplice, as payment.
- The accomplice swipes the card through the skimmer, in addition to the POS machine used for normal payment.
- The accomplice hands back the card to the unsuspecting customer.
- The thief transfers the details captured by the skimmer to the magnetic strip a counterfeit card, which could be a stolen card itself.
- The counterfeit card can now be used in the way a legitimate card would, or for additional fraud such as gift carding and other carding.
There are, of course, variations on this. For example, some criminals will attach skimmers to ATMs, or to handheld card readers. As long as their users swipe or enter their card as usual and the criminal can return to pick up their device, the result is the same: Swiping a credit or debit card through the skimmer machine captures all the information held in its magnetic strip.
Additionally, the thieves may shoulder-surf or use social engineering techniques to find out the card’s PIN, or even the owner’s billing address, so they can use the stolen card details in even more settings.
According to the Nilson Report, it’s projected to reach a staggering $38.5bn by 2027. So how do you detect credit card fraud?
4 Ways to Prevent Card Cloning
Strategies deployed by the finance industry, authorities and retailers to make card cloning less easy include:
1. EMV microchips instead of magnetic stripes
These contain more advanced iCVV values compared to magnetic stripes’ CVV, and they cannot be copied using skimmers.
However, criminals have found alternative ways to target this type of card as well as methods to copy EMV chip data to magnetic stripes, effectively cloning the card – according to 2020 reports on Security Week.
Credit and debit cards can reveal more information than many laypeople might expect. You can enter a BIN to find out more about a bank in the module below:
Free BIN lookup!
Enter the first 6 or 8 digits of a card number (BIN/IIN)
2. Customer profiles
By building customer profiles, often using machine learning and advanced algorithms, payment handlers and card issuers acquire valuable insight into what would be considered “normal” behavior for each cardholder, flagging any suspicious moves to be followed up with the customer.
A simple version of this is a consumer receiving a call from their bank to confirm they have swiped their card in a part of the country they haven’t been active in before.
3. Educating the public
Making the general public an ally in the fight against credit and debit card fraud can work to everyone’s advantage. Major card companies, banks and fintech brands have undertaken campaigns to alert the public about card-related fraud of various types, as have local and regional authorities such as Europol in Europe. Interestingly, it seems that the public is responding well.
In July 2021, industry insider Elena Emelyanova, Fraud Manager at Wargaming, explained in an episode of our Cat and Mouse Podcast:
“People have become more sophisticated and more educated. We have some cases where we see that people know how to fight chargebacks, or they know the restrictions from a merchant side. People who didn’t understand the difference between refund and chargeback. Now they know about it.”
4. Accountability, laws and regulations
Owing to government regulations and legislation, card providers have a vested interest in preventing fraud, as they are the ones asked to foot the bill for money lost in the majority of situations.
For banks and other institutions that provide payment cards to the public, this constitutes an additional, strong incentive to safeguard their processes and invest in new technology to fight fraud as efficiently as possible.
Actual legislation for this varies per country, but ombudsman services can be used for any disputed transactions in most locales, amping up the pressure on card companies. For example, the UK’s Financial Ombudsman received 170,033 new complaints about banking and credit in 2019/2020, by far the most frequent type, going on to state, in their Annual Complaints Data and Insight Report:
“We’ve been clear that we expect businesses to apply relevant rules and guidance – including, but not limited to, the CRM code. If complaints arise, businesses should draw on our guidance and past decisions to reach fair outcomes.”
Is Card Cloning Still a Threat?
With payment card issuers and networks ramping up security and introducing new technologies, and consumers getting savvier, card skimming is believed to be on the decrease, with counterfeit cards only amounting to 2% of card fraud losses in 2019 compared to 13% in 2010, per a 2020 report by UK Finance.
It seems that the focus has shifted to different methods, such as card not present (CNP) attacks and using NFC technology to obtain the details of contactless-enabled cards.
Nevertheless, this does not mean that card cloning has stopped. For instance, in January 2021 the debit card data of over 500 customers was stolen using card cloning in India. The authorities arrested four men and recovered three credit card skimmers, with which they had made payments of INR 150,000.
Together with its more recent incarnations and variations, card skimming is and ought to remain a concern for organizations and consumers.
Nilson Report: Card Fraud Losses Dip to $28.58 Billion
Security Week: Cybercriminals Could Be Cloning Payment Cards Using Stolen EVM Data
European Association for Secure Transactions (EAST): Black Box attacks increase across Europe
Europol: Payment Card Fraud Prevention Alert
Financial Ombudsman Service UK: Annual complaints data and insight 2020/21
Times of India: Card cloning: Data of 500 customers stolen,
UK Finance: FRAUD – THE FACTS 2020