In today’s world nothing is safe and so is your Credit card . The plastic cash which allows you to shop online and buy anything can also become one of the worst thing for you if not kept to safety .
It has become so common-The misappropriation of credit cards and debit cards , which is costing crores of rupees . Cloning of cards has become very common in the recent years.
The criminals are often left for a small sentence as it is not considered a big crime in INDIA , the maximum punishment can be a prisonment of upto 3 years.
WHAT IS CREDIT CARD CLONING ???
Credit card cloning is a method by which the details of the credit card are illegally copied into a bougous card and is used .
HOW IS CLONING DONE ???
Cloning is very similar to taking a copy of a paper using a scanner . In the cloning case a machine is available to scan the details of the card and store in it . The machine is easily available in markets even online which is capable of storing upto 3000 card details.
When the card is swiped over the machine it easily copies the details and stores it. These details can be transfered over to expired cards as well as other new cards too.
These china-made machines are priced at around 30000 to 50000 INR.
The magnetic strip gives the creditcard number , the name of the card holder as well as the date of expiry to the card holder which is more than enough to take full advantage of the card.