Card fraud is evolving, with amateur fraudsters able to “enrol” in online “classes” where they can learn how to use stolen card details to buy smaller-value items. That’s the claim from a UK tech firm, which says a new breed of opportunistic fraudster is learning how to commit crime via online tutorials and guides available on the so-called “dark web”. As one of the guides candidly explains, carding is “the art of ordering goods online using stolen credit cards”. In March, banking body UK Finance revealed that so-called “card not present” or “remote purchase” fraud, where a criminal uses stolen card details to buy on the internet or over the phone, leapt by 24% to hit £506m in 2018. “It’s a different demographic of people now in the fraud industry,” he says, adding: “This is the new way of buying stolen goods.”

Source: The Guardian June 01, 2019 06:22 UTC