Voxis Allows Cybercriminals to Automate Fraudulent Credit Card Purchases

Voxis Allows Cybercriminals to Automate Fraudulent Credit Card Purchases

November 4, 2014         Written By Bill Hardekopf

Cybercriminals have a new way to get as much money from stolen credit cards as possible before being detected for fraud. A program called Voxis Platform is starting to surface on underground forums, allowing thieves to make large volumes of fraudulent purchases before being detected by the credit card company.

In a typical transaction, a seller must have a merchant account with a credit card company that authorizes the seller to accept credit card charges. Most cybercriminals are able to create fake merchant accounts or steal information for existing ones in order to use credit cards without getting caught. However, they are unable to do this in large volumes before the banks detect fraud.

Voxis offers an automated charging system designed to make appear as if merchants are sending their credit card information to the payment gateways. Voxis operates under 32 different payment gateways to make the charges appear to come from legitimate human interaction. Cybercriminals can set up charges at different time intervals in the day so the purchases appear real and random.

While there is no evidence of this program being used yet, the recent surge of credit card breaches makes an automated theft tool incredibly concerning. As always, monitor your credit card accounts and notify your banks of the first sign of fraud.

The information contained within this article was accurate as of November 4, 2014. For up-to-date information on any of the terms, cards or offers mentioned above, visit the issuer's website. Many of the offers on this article are from our affiliate partners, and LowCards.com may be compensated if you take action with any of our affiliate partners.


About Bill Hardekopf

Bill Hardekopf is the CEO of LowCards.com and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.
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