Cybercriminals have a new tool to make the most of stolen credit card details before payment processors detect the fraud, security researchers warn.
A Web-based application called the Voxis Platform is being advertised on underground forums as a tool for cashing out money from stolen credit cards by automating fraudulent purchases, according to security researchers from cybercrime intelligence firm IntelCrawler.
There are three main parties involved in every online transaction: the buyer, the seller and a payment processing provider that operates a payment gateway. In order to receive money from transactions, the seller needs to have a merchant account registered with the payment gateway.
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