Today's Hard|Forum Post
Today's Hard|Forum Post

Thursday May 01, 2014

Voice Phishing Is Alive And Well

It looks like voice phishing is making a comeback. frown

Vishing, or Voice over IP phishing, is a method of stealing payment card data and credentials in which fraudsters send phone or SMS text messages that pose as banks or other institutions, in order to trick victims into divulging their card information. While not as prevalent as online phishing and crimeware attacks, vishing attacks are often run by professional crews. These crews use vishing to harvest card data, which they then sell or hand-off to cash-out crews. The data is then used for card-not-present transactions (e.g. shopping online or via phone) or it is encoded onto new cards to purchase goods or withdraw cash from ATMs.