Your card verification value (CVV) is the 3-digit code on the back of a credit or debit card. Merchants you use this card at aren’t allowed to store your card number or CVV, so how do fraudsters get this information? Well, there are more ways than you think. The most common is phishing and installing software on the merchant’s online site, both of which allow the attacker to access and download customer data.

Kenneth Labelle, one of the regional directors at the insurance company Burns-Wilcox, was quoted wondering how “card not present transactions are possible” after the information on it…

Denny Roiz

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