Did You Know Your Credit Card, Debit Card Can Be Hacked in Just 6 Seconds?

According to a research, it won’t take more than 6 seconds for hackers to get hold of your credit card details.

By Prajith

According to a few scientists who were able to bypass all the security features that are supposed to protect online payments from cyber criminals, it would take less than 6 seconds for hackers to get hold of your credit card/debit card details such as credit/debit number, expiry date, and security code.

Did You Know Your Credit Card Can Be Hacked in Just 6 Seconds?

A few researchers from Newcastle University in the UK, in an attempt to find out the flaws in the existing Visa payment system, have found that neither of them - banks and networks have managed to distinguish fake and invalid attempts from the actual ones.

Also Read: Samsung Galaxy A7 (2017) Clears FCC: 5 Interesting Features to Expect from UPCOMING Smartphone

As a result, when cyber criminals make multiple invalid attempts to get details of the credit card possibly by generating different versions of the card details and using them on different websites, hackers were able 'to get a hit' (succeed) in no time.

Explaining the process in detail, Mohammed Ali, a PhD student at Newcastle University said, "The current online payment system does not detect multiple invalid payment requests from different websites. This allows unlimited guesses on each card data field using up to the allowed number of attempts, typically 10 or 20 guesses, on each website."

Did You Know Your Credit Card Can Be Hacked in Just 6 Seconds?

In addition, he says that "Different websites ask for different variations in the card data fields to validate an online purchase. This means it's quite easy to build up the information and piece it together like a jigsaw. The unlimited guesses, when combined with the variations in the payment data fields, make it frighteningly easy for attackers to generate all the card details one field at a time."

Also Read: Price DROP Alert! Get Rs. 2,000 Discount on Moto G4, Moto G4 Play on Amazon

What this essentially means is that hackers with no other details except for the first six digits of your credit/debit card can obtain all the necessary information by guessing. Cyber criminals can verify these guesses by using them on various payment websites.

All said and done, according to the researchers, this vulnerability appears only on Visa network.


Click Here for New Smartphones Best Online Deals

Read More About: hacking news internet

Stay updated with latest technology news & gadget reviews - Gizbot

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Yes No
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Gizbot sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Gizbot website. However, you can change your cookie settings at any time. Learn more