2024 Payment Fraud Report: E-Skimming, Check Fraud, and Threat Actor Sophistication Soar

Summary: Cybercriminals are increasingly targeting payment systems, with a significant rise in stolen card data and check fraud. The latest fraud report highlights a surge in Magecart e-skimmer infections due to a specific vulnerability, alongside a persistent issue of check fraud in the U.S. The report forecasts ongoing trends in digital skimming, dark web activity, and check fraud for 2025.

Threat Actor: Cybercriminals | cybercriminals
Victim: Financial Institutions | financial institutions

Keypoints :

  • 269 million stolen cards and 1.9 million checks are available on the dark web.
  • There has been a threefold increase in Magecart e-skimmer infections, primarily due to the “CosmicSting” vulnerability.
  • Check fraud remains a significant issue in the U.S., with 60% of stolen checks originating from the East Coast.
  • Dark web marketplaces continue to thrive, with Telegram being a key platform for selling stolen card data.
  • Fraudsters are leveraging AI for more sophisticated attack strategies, including digital wallet exploits and scam e-commerce networks.
  • Three major fraud trends for 2025 include digital e-skimming acceleration, dark web market dominance, and persistent check fraud.

Source: https://securityonline.info/2024-payment-fraud-report-e-skimming-check-fraud-and-threat-actor-sophistication-soar/