Sample Rogue and Stolen Gift Cards Offered for Sale on the Underground Marketplace – An Analysis

I’ve recently stumbled upon a currently active underground forum market proposition for stolen and fraudulently obtained online E-Shop gift cards and I’ve decided to share some of the key factor propositions based on the original proposition which I’ll… Continue reading Sample Rogue and Stolen Gift Cards Offered for Sale on the Underground Marketplace – An Analysis

How to Protect Yourself from Gift Card Scams

In our July monthly show we discuss gift card scams! What are the different scams that are out there, how do they work, and details on how to protect yourself from becoming a victim. ** Links mentioned on the show ** 8 Gift Card SCAMS you can SPOT and … Continue reading How to Protect Yourself from Gift Card Scams

‘Tis the Season: Gift Card Fraud Rampant on the Dark Web

The holiday shopping season is right around the corner, and gift cards are expected to remain as the most requested holiday gift for the tenth year in a row. It should come as no surprise then that gift card fraud has become a booming business for cybercriminals as they attempt to grab a slice of that… Read More

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‘Tis the Season: How Cybercriminals Perpetuate Gift Card Fraud

Two months ago, Fan Xia, a 29-year-old research assistant from UW-Milwaukee’s engineering department, was arrested for laundering more than $300,000 via an international scheme involving gift cards. According to the criminal complaint, Xia would receive gift card information from scammers in India, use that information to buy iTunes and Google Play gift cards, and then… Read More

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Fraudsters Using GiftGhostBot Botnet to Steal Gift Card Balances

Gift cards have once again caused quite a headache for retailers, as cyber criminals are using a botnet to break into and steal cash from money-loaded gift cards provided by major retailers around the globe.

Dubbed GiftGhostBot, the new botnet special… Continue reading Fraudsters Using GiftGhostBot Botnet to Steal Gift Card Balances