Criminals turning to fraudulent gift cards

As retailers and other businesses increase security measures to prevent the use of gift cards purchased with stolen credit card numbers, cyber criminals have been focusing on fraudulent gift cards, according to a report released this morning by Flashpoint.

Traditionally, gift cards have been a quick way to make stolen credit card numbers pay off quickly. They buy the gift cards online, in bulk, then use the gift cards at their leisure or resell them, without worrying that the credit card number has been canceled — until the charge backs started coming in from the credit card companies and merchants wised up.

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from CSO Online Data Protection http://www.csoonline.com/article/3193996/security/criminals-turning-to-fraudulent-gift-cards.html#tk.rss_dataprotection

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