April 26, 2016

All About Fraud: How Crooks Get the CVV

This post was originally published on this siteA longtime reader recently asked: “How do online fraudsters get the 3-digit card verification value (CVV or CVV2) code printed on the back of customer cards if merchants are forbidden from storing this information? The answer: If not via phishing, probably by installing a Web-based keylogger at an online merchant so that all data that customers submit to the site is copied and sent to the attacker’s server. Kenneth Labelle, a regional director at insurer Burns-Wilcox.com, wrote: “So, I am trying to figure out how card not present transactions are possible after a […]