A typical credit card has several important elements, namely the card number, expiration date and CVV code.
To make an online purchase, these three things are needed, as is your name, billing address and zip code.
It’s important to note that the CVV code may not be stored in a company’s database in order to prevent fraudulent activities. However, hackers can gain access to them by means of skimming, phishing and other means.
That said, is it safe to just give out your cvv code on websites? What are the risks of it going to a CVV shop?
When is it Safe to Give Your CVV?
Online
It’s generally safe to give out your cvv code when shopping online.
Websites will not be able to store cvv codes, although a keylogger could be installed that captures the input. It helps to stick with reputable websites and well-known companies. The mark of a good online retailer is when they require a CVV as part of their security measure.
Do not provide your cvv code though when the website appears to be shady or when it’s asking for a lot more information as needed. Do not ever hand out your credit card information to people on chat, social media or email. Immediately exit the window and add the website to your black list.
Offline
In real life, it’s also generally acceptable to provide your credit card information, especially when it’s making a bill payment or similar.
In retail stores, giving the cvv is not required, as their point of sale system should process it without issues. They may ask for a form of identification to verify if you’re the cardholder.
How About on a CVV Shop?
A CVV shop is an underground platform for buying card dumps on the internet.
In the process of buying a credit card and its information online, sometimes you’d be required to create an account and even add your credit card details.
Finding the best CVV shop is simple- if they sell products then it should work. However, you could be putting yourself in danger by entering your card information.
To circumvent this you can either add a prepaid card or use Bitcoin as a form of payment. That way, hackers will not be able to use the card or will only have access to a few dollars (in prepaid increments).
To protect yourself further you can install anti-malware measures such as an app or software that can detect malicious scripts or websites. Heed the notifications and pop-ups and try another carding shop when a warning comes up.
Sometimes even with the best security you’ll find yourself the victim of credit card fraud. Hackers may be able to get into a retailer’s database or copy cards using a skimmer. They can then create a cloned card for use offline and in brick and mortar stores.
If this is the case, call your credit card company and report the charge as fraudulent. They will cancel the current card and send a new one in the mail.