Card Cloning is a fraudulent practice where criminals copy data from legitimate payment cards onto counterfeit cards, enabling unauthorized transactions that appear to come from the original card.
Common Methods
- Skimming devices
- Data capture
- Magnetic copying
- Chip duplication
- PIN harvesting
Attack Vectors
- ATM tampering
- POS manipulation
- Card readers
- Data breaches
- Social engineering
Warning Signs
- Tampered devices
- Unusual readers
- Loose components
- Hidden cameras
- Suspicious overlays
Prevention Methods
- Chip technology
- Encryption
- Physical inspection
- Regular monitoring
- Security protocols
Detection Strategies
- Pattern analysis
- Location monitoring
- Behavior tracking
- Transaction alerts
- Device inspection
Best Practices
- Regular checks
- Staff training
- Customer education
- Security updates
- Incident response
Card cloning threatens both financial institutions and cardholders.