how credit card dumps work
there are many ways in which a credit card dump might occur one common method is skimming in which an illegal card reader sometimes hidden in a legitimate automated teller machine atm or gas station pump copies the data from a credit card in other cases cybercriminals are able to obtain a large number of card numbers at once by compromising the computer systems of companies handling customer credit card information for example criminals might access thousands of retail customers credit card numbers by infecting the point of sale pos devices of a large retail chain although measures such as personal information numbers pins and security chips can help make this theft more difficult hackers nonetheless continue to find new ways to exploit weaknesses in the electronic payments system in order to capture valuable credit card information to profit from this theft cybercriminals resell the credit card information on the black market alternatively hackers could also use the information themselves in order to make unauthorized online purchases using stolen credit cards protecting against credit card dumpsultimately consumers have limited means to protect themselves against the risk of cybercrime after all even the most cautious individuals might fall victim to credit card theft if hackers manage to compromise the systems of the companies where they shop nevertheless there are steps individuals can take to reduce some of their risks these include refraining from sharing their credit card information with others keeping their credit cards close at hand when in public places checking for any suspicious objects on or around atms gas pumps and pos machines and regularly reviewing their credit card statements for any unfamiliar transactions examples of credit card dumpsunfortunately there is no shortage of examples in which hackers managed to compromise vast amounts of credit card data from unsuspecting customers here are just a few examples capital one the fifth largest credit card issuer in the united states revealed in july 2019 that a hacker accessed the personal information of around 106 million customers and applicants in the u s and canada the information that was accessed included highly personal details on consumers and small businesses including names social security numbers income and dates of birth as of the time they applied for one of several credit card products from 2005 through early 2019 1 to date the capital one hack is the second largest such data dump of all time data dumps don t only happen in america in may 2019 for example the popular australian graphic design website canva was breached by hackers with nearly 140 million user accounts compromised in addition to personal information such as names usernames and email addresses the hackers also managed to access users credit card information 2another notable incident occurred in october 2013 when adobe adbe lost nearly 3 million customer credit card records in a large scale attack by hackers the breach was part of a larger effort in which data from over 150 million users was also stolen the company ultimately reached a roughly 1 million settlement with its customers over the incident 3