In the last two years, due to the pandemic, all our activities have gone digital. Due to this, the threat posed to our financial and social security by cyber crooks becomes even more important. To further highlight this, NordVPN recently released a study of 4 million payment cards across 140 countries and revealed that an average debit or credit card can be cracked in just six seconds.
It 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.
Marijus Breedis, CTO of NordVPN, says, “The only way that such a large number of payment cards can appear on the dark web is through brute forcing. This means criminals are basically guessing card numbers and CVVs. The first 6-8 numbers are the card issuer’s ID number.”
He said, “This leaves hackers with 7-9 numbers to guess, as the 16th digit is a checksum and is only used to determine whether there was a mistake when entering the number.” . Using a computer, such an attack may take only six seconds.”
protect like this
With this in mind, he said card users need to review their monthly details for suspicious activity and respond promptly to each and 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.
The Reserve Bank of India (RBI) recently released a booklet on the common modalities used by fraudsters and common precautions to be taken by the public and digital hygiene measures.
Cricketer Virat Kohli entered the coffee business, invested money in startup Rage Coffee
RBI said, “As the speed and ease of doing financial transactions have improved, the number of frauds reported in retail financial transactions has also increased. Fraudsters are trying to defraud the common and gullible people by their hard earned money. New methods are being adopted for this.”
Further, it cautioned the 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.
,