In the past two years when all our activities had to be digitized due to the pandemic, the threat posed by cybercriminals to our financial and social security has increased even more. To highlight this, NordVPN recently released a study of 4 million payments cards across 140 countries and revealed that an average debit or credit card can be cracked in just six seconds.
The study said that the most common method of hacking payment cards is brute forcing, which is incredibly fast and can be executed in a matter of seconds.
bank card hack in just 6 seconds
Marijus Breedis, CTO at NordVPN says – “The only way for such a large number of payment cards to appear on the dark web could be through brute force. This means criminals basically try to guess the card number and CVV. The first 6-8 numbers are the card issuer’s ID number. That gives hackers 7-9 numbers to guess because the 16th digit is a checksum and is only used to determine what number to enter. Time whether a mistake has been made. Using a computer, such an attack may take only six seconds.”
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Follow this method to avoid
With this in mind, he said card users should review their monthly statements to check for suspicious activity and respond promptly to every security notification from your bank.
“Another recommendation is to have a separate bank account for different purposes and only keep a small amount of money in the one to which your payment card is linked. Some banks also offer temporary virtual cards that you can use,” Breedis said. If you don’t feel safe while shopping online.”
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Hackers are adopting new ways of cheating
The Reserve Bank of India (RBI) recently released a handbook on digital hygiene measures used by fraudsters and common precautions to be taken by the public.
“As the speed and ease of conducting financial transactions has improved, the number of frauds reported in retail financial transactions has also increased. Fraudsters are inventing ways to defraud the common and gullible people of their hard earned money. are adopting.”
Don’t do it even by mistake
Further, it cautioned people to never trust loan offers made by people through telephone/email etc and never make any payment against such offers or share any credentials.
(photo credit- logitheque)