During the holidays people are swiping their credit cards more than any other time of year. This is why people need to be more conscientious of what they’re spending their money on. There is a system called the dark net, which is an underground system of anonymous websites that are untraceable. One of the things this dark net consists of is hacked credit card numbers that are sold in bulk.
Vinny Troia, cyber security expert and CEO of Night Lion Security, explains how people will micro fraud, or make small transactions at a time. These small transactions will eventually add up to huge numbers. Usually, people don’t notice it until it adds up to a huge amount.
To avoid this from happening to you, make sure you are always checking your credit card statements daily!