Counterfeit Card
A counterfeit card is a fraudulent replica of a legitimate credit or debit card, often created using stolen card information and unauthorized techniques. These fake cards are designed to mimic the appearance and functionality of genuine cards, letting fraudsters make unauthorized transactions or access funds without permission.
Counterfeit cards pose a significant threat to financial security and consumer trust.
Financial institutions and merchants employ various measures to combat this. For example, EMV chip technology and card authentication methods to detect and prevent counterfeit card usage. Additionally, stringent verification processes and fraud monitoring systems are in place to identify and mitigate the risks associated with counterfeit cards.