Analyzing Credit Card Theft Strategies and Ecosystems

The Life of a Stolen Credit Card
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Table of Contents

Introduction
Identity theft is mostly associated with credit card theft. The later occurs when cardholders’ financial information is obtained by unauthorized individuals and utilized with fraudulent intent. Due to the increasing sophistication of card theft and the streamlined processes of profiting from the crime, it is imperative that consumers and industry practitioners reflect on the life of a stolen credit card. To achieve this objective, this report details the strategies that “carders” use to obtain fraudulently card information and the ecosystem established to ensure that they profit from this information. The multi-page report…