CVV shops: How hackers get the three numbers from the back of your credit card

First off, “dumps” — or credit and debit card accounts that are stolen from hacked point of sale systems via skimmers or malware on cash register systems — retail for about $US20 ($25.80) apiece on average in the cybercrime underground. Each dump can be used to fabricate a new physical clone of the original card, and thieves typically use these counterfeits to buy goods from big box retailers that they can easily resell, or to extract cash at ATMs. However, when cyber crooks wish to defraud online stores, they don’t use dumps. That’s mainly because online merchants typically require the CVV, and criminal dumps sellers don’t bundle CVVs with their dumps. For the full article click here 

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