Did you know your credit cards can be charged without security code? It happens to be possible.
Common procedure for online transactions involves all security measures to avoid hackers fraud, but in the real world Credit Cards can be charged without security code.
If you are used to buy stuff online, you already know most retailers asks you to fill out Credit Card Number, Holders Name, Billing Address and CVV/CVV2/CSC Security Code Number with expiration date to allow the customer to purchase.
The needing for a security code at the time of an online purchase has a reason to avoid hackers or unauthorized people to use financial data from holders.
Most of you may think this is mandatory for any company, but in the real world this is not what happens, because Credit Cards can be charged without security code, this means it is not really needed as standard. If you are a web shopper, you already know that one example would be Amazon, they never asks the customer for the security code and they charge the card right away. Despite they don’t ask you to fill out fields with this important security measure, their credit card payment processor is top notch in terms of keeping away fraudsters. Meaning if you are not the real holder you will face a banned amazon account in a matter of seconds after checkout.
But, there are other websites and retailers without a millionaire security system like Amazon, those can allow hackers to buy without the most important security measure of the credit card. This kind of websites can also be easily exploited by Carders, you can read here about how carding works.
You should never buy from retailers that do not ask you for the security code unless they are big enterprises such Amazon.com, because not asking for it also means their payment processor is weak and could leak data out. Hacked Credit Cards without the main security code can be used online and can also be charged. If the real holder making the transaction does not pay attention to the website reputation can also face scam.
SSL Secure Sockets Layer certificates for websites are also a must have for credit cards payments today. This is not because it shows up a nice shield on your browser or for trust reasons, this is the today’s standard for financial payment processors online. If you enter a site without SSL, it means you are going to possible be scammed by a phishing site.
There are other services such Western Union that can also charge a credit card without the security code. The problem with western union is they are used to allow those kind of practices because people trusts the service for such long years, this does not means you are completely safe using Western Union without a security code being asked at a time of sending a transfer to someone. This is why you have to be sure who you send it, never use Western Union service to send money to strangers, unless you are pretty sure it is a trusted receipt.
You credit card can also be shielded by adding more security at the time of using it online, such as the Verified by Visa or MasterCard Secure Code. You can also restrict your card to be used online if you are not used to internet transactions.
Feel free to comment about how credit cards can be charged without security code here or on the forums.
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