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What is a gift card scam? There are two types of gift card scams, according to experts. The first involves trying to trick you into paying an impostor with gift cards.
It is common for scammers to make calls or send messages asking you to pay for any number of things via gift cards. To do this, the thief generally tells you which cards to buy (iTunes, Amazon...
“Gift card draining” involves criminals recording numbers and PINs from unpurchased gift cards, then placing them back in the packaging.
In the context of fraud, using stolen credit card data to purchase gift cards is becoming an increasingly common money laundering tactic. Another way gift card fraud occurs is when a retailer's online systems which store gift card data undergo brute force attacks from automated bots.
Gift card draining is a way to steal funds off of gift cards. Here are ways to avoid the scam.
Red flags for gift card scams: Unsolicited communication: Be cautious if you receive unexpected phone calls, emails or messages requesting payment using gift cards. Scammers often impersonate...
Authorities nationwide are warning holiday shoppers to take extra precautions when purchasing gift cards to put under the Christmas tree this year, as a gift card scam called "card...
The most common form of gift card fraud is committed through the act of stealing card information for activated cards with an existing balance by attacking a retailer's systems which store gift card data.
Whether it’s a phone call from someone claiming to work for the government or a someone selling an item online, if they ask for gift cards as payment it’s likely a scam, according to the FBI.
A Georgia-based company that makes many popular gift cards faces a lawsuit in California alleging it failed to take precautions to prevent scammers from draining gift cards of their value...