Online retailers are at risk of carding attacks during the holiday season, with potential losses predicted to reach $130 billion by 2023. Carding attacks target payment card information, including cardholder names, numbers, expiration dates, and security codes. Cybercriminals exploit stolen card details to make fraudulent transactions, steal gift card balances, take over user accounts, commit refund fraud, and make bulk purchases for resale. Preventive measures include behavioral analysis, transaction monitoring, device fingerprinting, geolocation verification, address verification systems, CAPTCHA challenges, two-factor authentication, machine learning and AI, and blacklist monitoring. To protect websites from bot attacks, a robust bot management system is necessary, which can detect and block layer 7 DDoS attacks, differentiate between bots and humans, and ensure a seamless user experience. Real-time behavioral detection capabilities and a 24/7 support team are essential.
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