Research on the impact of carding on the market

[chushpan]

Carding, as a form of fraud using payment cards, has a significant impact on the market, especially in the online trade and financial services sector. Here are the key aspects based on the available information:

1. Carding Market Growth
   According to data, the carding market volume in 2020 grew by 116% compared to the previous year. This indicates that criminals are finding new ways to gain access to other people's funds, which creates additional risks for financial systems and online trading.
2. Economic Losses
   Carding causes significant financial losses for banks, retailers and consumers. Companies are forced to compensate for losses associated with fraudulent transactions and also invest in data protection systems, which increases their operating costs.
3. Impact on Market Confidence
   Constant carding incidents undermine consumer confidence in online commerce and electronic payments. This could slow the growth of e-commerce as users become more cautious when shopping online.
4. Development of protection technologies
   Carding stimulates the development of cybersecurity technologies. Companies implement more complex authentication systems, such as two-factor authentication, and use algorithms to detect suspicious transactions. This, in turn, affects the security technology market, increasing the demand for such solutions.

Summary​

Carding has a complex impact on the market, including financial losses, decreased consumer confidence and increased security costs. At the same time, it also stimulates the development of security technologies, which is becoming an important area for businesses and financial institutions.