A simple anti-virus program installed on your computer, laptop or smart device can stop criminals from stealing the CVV number on the back of your card.
Fraudsters can easily purchase credit card details at online cybercrime stores called ‘CVV shops’ for a low cost between US$2 and US$5, reported.
Each bundle includes a name, credit card number, expiration date, a CVV number and a postcode.
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A simple anti-virus program installed on your computer, laptop or smart device can stop criminals from stealing the CVV number on the back of your card
These details are usually skimmed online by web-based keyloggers which can steal details from a browser as a customer types them into their computer.
This is one of two major ways criminals are stealing credit card details, with the other involving hacking a point-of-sale machine in a brick-and-mortar store.
RMIT credit card fraud expert Asha Rao said the best way to prevent a person from stealing credit card details online was to install anti-virus software.
‘Usually [when details are] stolen on websites it’s done while you’re online shopping,’ the associate professor told Daily Mail Australia.
‘If the website you are using has been compromised then it is when the CVV number would get stolen.
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WHAT IS A WEB-BASED KEYLOGGER?
- A web-based keylogger captures a person’s key strokes on a keyboard or pinpad
- It recognises the key pressed and sends off that information to the person harvesting the details
- A web-based keylogger can find its way onto a website through malware that is installed in many ways
- These include clicking on a phishing link in emails or being infected with viruses or worms