Furthermore, studies on carding forums are usually based on literature review, expert interviews, or data from forums that have already been shut down. This paper provides first-of-its-kind empirical evidence on active forums where stolen financial data is traded. We Money Transfer monitored 5 out of 25 discovered forums, collected posts from the forums over a three-month period, and analysed them quantitatively and qualitatively. We focused our analyses on products, prices, seller prolificacy, seller specialisation, and seller reputation.
By understanding the risks involved and the potential consequences, individuals can make informed decisions and steer clear of engaging in illegal activities. Financial literacy programs, workshops, and online resources can provide valuable insights into managing personal finances and exploring legal avenues for earning money. Empowering individuals with knowledge equips them to make responsible choices and avoid the allure of quick but illegal gains. In the constant battle between carders and law enforcement, the key to success lies in a multi-faceted approach. Collaboration between law enforcement agencies, both domestically and internationally, is crucial to effectively combat carding activities that transcend borders.
Another alternative worth considering is seeking financial assistance through government programs or non-profit organizations. Many countries offer support systems for individuals facing financial difficulties, ranging from unemployment benefits to grants for small businesses. By tapping into these resources, individuals can access the help they need without resorting to illegal activities. It is important to research and utilize these options to avoid falling into the trap of credit muling.
If you wish to perform a similar investigation or get access to the full data behind this research, please don’t hesitate to contact us. Historical whois searches for the iocs allowed us to uncover 45 unredacted email addresses used to register them. These addresses were spread across 13 email service providers topped by gmail.Com.
On one hand, carders are skilled individuals who exploit vulnerabilities in the financial system to steal and profit from credit card information. On the other hand, law enforcement agencies are tasked with identifying and apprehending these criminals to safeguard the interests of individuals and businesses. This ongoing battle has far-reaching implications for both sides, as well as for the general public. By understanding their inner workings and staying one step ahead in the ongoing battle against cybercrime, we can strive to create a safer digital landscape for all.
No comments yet