How hackers can hack your credit card in just SIX SECONDS

1. Experts say the details can be taken easily from any cards

2. Expiry date, Number, three digit code is needed to transfer money

Hackers can steal your credit or debit card details in just six seconds, experts have found.

Academics say security flaws mean it is ‘frighteningly easy’ to collect the number, expiry date and the three digit security code of Visa cards.

Hackers are able to get hold of valid debit and credit card numbers, but they do not know the expiry date or security code.

The scam involves using a computer programme to automatically fire the card number at a vast number of websites.

To find the expiry date, Banks typically issue cards that are valid for 60 months so guessing the date takes at most 60 attempts.

‘The CVV is your last barrier and theoretically only the card holder has that piece of information — it isn’t stored anywhere else. But guessing this three-digit number takes fewer than 1,000 attempts.

Spread this out over 1,000 websites and one will come back verified within a couple of seconds. And there you have it — all the data hackers need to hack the account.’

These three information can be easily hacked from POS. When a customer swipes a card with a magnetic stripe, the POS machine sees the credit or debit card number, the card’s expiration date and the three or four-digit security code off the stripe. On a chip card, that security code is encoded as a dynamic cryptogram that changes each time the card is used.

This means stolen stripe card information is much more valuable to thieves, as it can be sold to create fake cards or used online.

So aware while swapping the card o machine, make online payment on authenticated websites, never share your credit/debit card detail with any customer care executive. After transaction you will get alert on your mobile, if it is not relevant then immediately call customer care, It I possible to stop the transfer.

Find more details about Credit Card Security from our website at http://www.gtisec.com.

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