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Archive for May 22nd, 2015

How Do Hackers Steal Credit Card Numbers?

Payment processing consultant

The past year has seen a number of high-profile instances of mass credit card hacking. Major companies like Target and Home Depot had tens of thousands of their customers’ credit card information stolen and sold to the highest bidder. Even though the massive security leak has shaken consumer confidence in the credit system, U.S. consumers still spend about $4.6 trillion annually with credit and debit cards. Not only that, but there are more credit cards in the United States than there are people — the average consumer owns 1.96 credit cards, to be exact.

Now, police in Atlanta are warning citizens that some local gas stations might be “skimming” their card info. Hackers place devices on gas pumps or any other merchant payment gateway that allow them to steal the data of anyone who swipes th

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